In November 2018, the Supreme Court of NM adopted a new set of Alimony Guidelines. The purpose of the change arose from the changes to the federal law that now treats alimony payments differently than before the law change. In the past alimony payments were taxable to the receiver and tax deductible to the payor. That is no longer the case. This tax change along with the change in the guidelines makes alimony a slippery subject in New Mexico. This is why you need to ensure that you find an attorney with the experience and expertise in alimony issues for your NM family law case. To take into consideration this change in the tax code and the impact on the settlement negotiations arising from such negotiations, the Supreme Court has authorized the change in the guidelines. Now, once you run a calculation on alimony you also will reduce the amount by a set percentage based on the combined incomes of the parties. This added layer of confusion and reduction is to take into consideration the impact of the tax changes. Moreover, it’s important to keep in mind that these guidelines are just that…guidelines. They do not carry the weight of law like child support guidelines. Make sure that when you are faced with an alimony issue that you consider the impact of these guidelines on the outcome of your case.
To learn how we can help you with your case, e-mail us at info@JusticeLegalGroup.com or call us at 505-880-8737.