Divorce and Taxes

Navigate the complexities of tax issues that arise during and after divorce. This guide provides essential information on filing status changes, joint responsibility for past taxes, alimony, and child support considerations. Learn about the implications of property settlements and the specific tax forms involved. Ideal for individuals going through a divorce, this resource helps ensure compliance and informed decision-making.

Highlights:

• Filing Status: Understand how your marital status as of December 31 affects your tax filing options.

• Alimony and Child Support: Clarify the tax treatment of alimony payments and child support, including what counts as deductible or taxable.

• Property Settlements: Learn about the tax implications of transferring property, including homes and other assets, during a divorce.

• Dependency and Form 8332: Instructions on claiming children as dependents and using Form 8332 for exemption release.