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Finally, Florida changes its alimony laws to reflect changes in marriage and spousal roles. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ...
In 2023 Florida passed an alimony reform bill (SB 1416) which eliminated permanent alimony and established a process for allowing alimony payers to request modifications when they want to retire. The bill allowed judges to reduce or terminate alimony obligations based on a number of factors. [77]
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In divorces and separation agreements signed on December 31, 2018 and earlier, alimony is tax-deductible for the payer, and treated as taxable income for the recipient. Pursuant to the Tax Cuts and Jobs Act of 2017, for divorce judgments dated January 1, 2019 and later, spousal support is treated as not-taxable and non-deductible for either party.
A FairTax rally in Orlando, Florida, sponsored by Americans For Fair Taxation on July 28, 2006 An Americans For Fair Taxation slogan. AFFT was founded in 1994 by three Houston businessmen, Jack Trotter, Bob McNair, and Leo Linbeck, Jr., who each pledged $1.5 million as seed money to hire tax experts to identify what they perceived as faults with the current tax system, to determine what ...
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Although alimony is not deductible or reportable as income for divorces occurring on or after Jan. 1, 2019, the previous rules apply to you if you were divorced by Dec. 31, 2018.
The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, [2] Pub. L. 115–97 (text), is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA), [3] [4] that amended the Internal Revenue Code of 1986.