Tag Archives: Divorce and Taxes
Who Gets to Claim your Child as a Dependent for Tax Purposes in your Divorce?
With the tax filing deadline rapidly approaching, it is important to have all your documents in order far ahead of April 15. It is also important to determine details like whether you will file singly or as a married couple – if you divorced during the past year, you can choose either. If you… Read More »
The IRS Marriage Penalty
When two people get married, it impacts every aspect of their lives. This includes taxes and their tax filing status. Filing married, even separately, may result in a very different tax liability than filing as a single person. Your choice of filing status can cost you money. Different Brackets The tax brackets for married… Read More »
Divorce and Taxes: What you Should Know this Tax Season
As Americans prepare for tax time, all the usual questions begin to mount. Should we file jointly or individually? Do I need to itemize? Can I claim that deduction? But for some Americans, the questions get even more complicated. Divorcing couples also have to think about a host of added concerns. When speaking with… Read More »
