Tax Basics
Tax Basics
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Should We File Joint or Separate Tax Returns During a Divorce?
Find out whether you should (or can) file taxes jointly or separately during a divorce.
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Capital Gains Tax When You Sell Your House at Divorce
If you sell the family home during or after a divorce, you probably won't have to pay capital gains tax. There are exceptions.
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Legal Fees for Divorce: What's Deductible?
Divorce is expensive, and many spouses question whether they can deduct any divorce-related expenses on their taxes. While the answer may seem simple, changing tax laws have complicated the issue for many.
Taxes on Family Support
Taxes on Family Support
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If you're going through a divorce or break-up and you have children together, you'll need to discuss child support. Often, parents wonder how their child support payments impact their taxes, but you might be surprised by the answer.
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Is Alimony Tax Deductible for the Paying Spouse?
Whether you divorced ten years ago or you're currently contemplating a divorce, if alimony is a possibility, you'll need to understand the rules surrounding spousal support and taxes.
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The Seven Rules of Alimony and Taxes
Until recently, the IRS allowed paying spouses to deduct alimony payments and required recipients to report it as income. However, the rules have changed for any divorce finalized on or after January 1, 2019.
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Claiming Children on Taxes After Divorce
There's no doubt that tax season can be stressful for everyone, especially if you have unanswered questions about tax rules and deductions. Divorced parents often fight over which parent can claim a child on their taxes. Continue reading to learn more about how parents decide who can claim a child on a tax return.
