Florida Alimony Reform 2023
As of July 1, 2023, the Florida Alimony Reform bill for 2023, which has been signed by the Governor, is now in effect and applies to all pending or initiated cases.
As of July 1, 2023, the Florida Alimony Reform bill for 2023, which has been signed by the Governor, is now in effect and applies to all pending or initiated cases.
You’ve made it to the right place! LaFrance Family Law has experienced attorneys that are ready to help make modifying alimony possible in the state of Florida. Making changes on your own is never easy. With our approach, family doesn’t let other families go through difficult times alone.
Let’s start with the basics.
The main reason someone will need to pay alimony, or spousal support as it’s now often called, is to make sure their spouse will be able to maintain a reasonable standard of living after divorce. For example, if one spouse is the primary source of income in the relationship, that person’s financial capabilities will skyrocket after divorce, and the other person’s will plummet.
Unlike other divorce laws, determining alimony in Florida varies from one situation to the next. While there are some guidelines to help establish how much someone might owe, there are no concrete rules judges need to follow to come up with an exact dollar amount.
The Tax Cuts and Jobs Act passed in December 2017 affects how taxes will be calculated for the 2018 Fiscal Year. This new tax bill includes many factors on the state of taxes, especially alimony payments. The provisions regarding alimony will only affect alimony agreements made after 2018. If your divorce was not completed with a final judgement, or your alimony agreement was not signed prior to January 1, 2019 then your alimony payments may still be tax deductible.
Family law financial affidavits are mandatory in every divorce case by Florida Law, which is a part of mandatory disclosure. Mandatory disclosure is financial information that is automatically disclosed by people filing for a divorce. The purpose is to ensure that each party is aware of the financial circumstances from both sides.