Do I Have to Pay Federal Income Tax on the Alimony I Receive in a Florida Divorce?
Posted By Posted by Stann Givens on Mar 14, 2011 6:40am PDT || Mar 14, 2011
If you have been awarded alimony for support in your Florida divorce, it is generally going to be taxable to you and deductible by your spouse for federal income taxation purposes. There are situations in which it is not, however.
Your expert St. Petersburg divorce lawyer will tell you that alimony is not taxable if you and your spouse have agreed that it will not be. In addition, if it fails to end upon the death of either party, it is likely not going to be taxable.
Each alimony situation is different. If it looks as if you will be paying or receiving alimony of any kind in a Florida divorce, you should contact your Florida family lawyer to determine the taxability of your support funds.