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Tampa Divorce Attorney - Divorcing in 2018

Tampa Divorce Attorney - Divorcing in 2018

tampa divorce and alimony tax law 2018 2019There has been a lot of discussion as to how the new tax laws for divorcing couples and how this may effect the parties differently depending on circumstances.With each divorce being unique, divorcing couples need to be aware of how these new laws may effect them in the coming years. This is particularly true with regards to alimony and the tax ramifications for the recipient and payor of alimony. Tampa divorce attorney Nilo J Sanchez discusses how this may effect each party.



How Taxation of Alimony is Changing

The new law for divorcing couples will eliminate deductions for alimony payments ordered by 2019 divorce settlements. This means different things for each party depending on your circumstance. For instance;

Paying Alimony in 2019

If you are ordered to pay alimony in 2019, payments will no longer be entitled to a tax deduction for alimony payments. Therefore, if you anticipate that you will be paying alimony to your ex-spouse, you may wish to finalize your divorce prior to December 31, 2018.

Receiving Alimony in 2019 

If the court awards alimony to you in your divorce, as a recipient, you will no longer have to include your alimony payments as taxable income.

Read More: Types of Alimony in a Florida Divorce

What You Should Do if You & Your Spouse are Considering a Divorce in 2018-2019

If you and your spouse are considering a divorce, or, if you are considering filing a petition for dissolution of marriage in Tampa Bay, you should consult with a Tampa Divorce attorney as soon as possible. Attorney Nilo J Sanchez is a seasoned Florida divorce attorney and will advise you as to how these new tax laws may apply to your case, if at all. Also, alimony and taxation matters may be able to be settled through mediation and negotiations which may help to offset any adverse effects of taxation. To learn more about the pros and cons of prolonging or speeding up the process of your divorce as it applies to your unique case, please call Nilo J Sanchez, Tampa Divorce Attorney for a consultation at 813-879-4600.
Tampa Florida Contested Divorce Attorney Protecting Your Best Interests
Contested divorces can be settled in a timely manner, or when there are high conflict mattes such as in high asset divorces or where minor children are present, they can end up in litigation. Attorney Sanchez highly recommends speaking with a Tampa Divorce Attorney to protect your best interests and the best interests of your family. Waiting to divorce your spouse, especially if you are in a high conflict situation may not be in your best interest.

Tampa Family Law Attorney Nilo J Sanchez & Associates will provide sound counsel and legal Florida’s Equitable Distribution Law, focusing on the new tax laws and helping you move forward into a secure future is his goal. Find out more by scheduling a consultation with a top rated Tampa Divorce Attorney today. 
Tampa divorce, high asset divorce, alimony attorney
representation to clients who are considering a divorce in Tampa Bay. Advising you of your options and obligations under

Nilo J Sanchez & Associates
Telephone: 813-879-4600.
Our Tampa Family Law Firm is located in Tampa Florida and represents clients in multiple jurisdictions in Tampa Bay. If you need a divorce attorney in Brandon, Valrico, Lutz, Wesley Chapel or surrounding locales in Hillsborough, Pinellas or Pasco County, FL, we can help. 

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Location: Tampa, FL, USA

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