About Unallocated Family Support in Florida
Our Jacksonville Family Lawyers Can Explain Your Options
Our Jacksonville family law attorneys at Owenby Law, P.A. represent clients
in all matters related to divorce, family law, child custody, alimony,
and child support. We have been successful in developing strategies that
are beneficial to our clients and their children. One of the ways we accomplish
this is by exploring the optimal payment structures for our clients who
are entitled to receive both spousal support and child support. If you
are seeking a divorce in Nassau, St. Johns, Duval, or Clay County, our
firm can help you learn about the benefits of unallocating
To schedule your
free initial consultation, contact Owenby Law, P.A. at (904) 770-3141.
Understanding the Tax Benefits of Unallocated Family Support
In many cases, a Florida judge will order one of the parties in a
divorce to pay both alimony and child support. The amount that is to be paid for
each is typically outlined in the divorce settlement. For the party who
is paying, the spousal support may be tax deductible, but the child support
is typically not. However, unallocated support allows you to combine child
support and alimony so that the entire payment is tax deductible.
What are the benefits of unallocating child support as spousal support?
- The tax-deductible portion of the settlement increases
- It decreases the tax burden for the party who is paying support
This approach does not reduce the overall amount of support that the ex-spouse
and the child receive. Unallocating and reallocating child and
spousal support payments generally requires the approval of all parties involved, as well
as the authorization of a judge. At Owenby Law, P.A., our Jacksonville
divorce lawyers have been successful in getting divorce settlements modified
to accommodate this sort of payment strategy.
Contact the Team at Owenby Law, P.A. for Experienced Legal Guidance
Our dedicated law firm has years of experience serving the men and women
of Northern Florida counties like Duval, Clay, Nassau, and St. Johns.
We have an unparalleled record of service to our clients and an impeccable
reputation in the field of
family law. If you are required to pay both alimony and child support, or you are
receiving payments and believe that it would be mutually beneficial to
cut your ex-spouse's financial outlay, we are here to assist you in
any way that we can. Our Jacksonville divorce attorneys can explain your
options when you arrange a free consultation.
Call Owenby Law, P.A. to learn more about your options. Initial consultations are free!