Tax Considerations During Divorce
Tax Considerations During Divorce
One of the last things you want to think about during a divorce is taxes. However, knowing a few basic tax matters arising from a divorce can reduce frustrations and surprises when filing your first tax return after the divorce is final.
Filing Status: Married or Single?
Significant life changes, such as divorce or the birth or adoption of a child, have tax consequences for the entire calendar year in which it occurred. For example, if you were divorced in December, you will have to file as single, even though you spent 11 months ...