Divorce may be an emotionally challenging and complex process. Alimony, or spousal support, is frequently one of the most controversial issues. Alimony is a financial arrangement in which one spouse pays monetary assistance to the other following a divorce. This assistance is intended to help the lower-income spouse maintain a fair quality of living after divorce.
Myth 1: Alimony is always permanent
One common myth is that alimony payments last forever. Florida law recognizes different types of alimony, and only some are permanent. After finalizing the divorce, the court may grant temporary alimony to support the lesser-earning spouse. Rehabilitative alimony helps the recipient gain education or training to become self-sufficient.
Durational alimony provides support for a set period, typically matching the length of the marriage. Although it is less common, a spouse may receive permanent alimony in long-term marriages where the recipient cannot become self-sufficient.
Myth 2: Only wives receive alimony
Another common misconception is that only wives receive alimony. Florida’s alimony law is gender neutral. Depending on their financial need and the other spouse’s ability to pay, either spouse can request and receive alimony. The court takes into account the length of the marriage, each spouse’s financial resources, and their contributions to the marriage, whether economic or not.
Myth 3: Alimony is tax-deductible
Many people mistakenly believe that alimony payments are tax deductible for the payer but taxable for the recipient. Under the Tax Cuts and Jobs Act, alimony payments no longer deduct taxes for the one who pays and do not fall under taxable income for the recipient.
Negotiating fair alimony terms
Understanding alimony can be confusing. You can fully understand your rights and obligations with the proper legal guidance. They can also help you negotiate fair alimony terms and represent your interests in court if necessary.