It’s March, and tax season is upon us. For those who have been divorced
in the past year or are in the midst of a divorce, it can be more complicated
and frustrating than usual. To provide some answers for those who are
divorcing or recently divorced on how to file taxes correctly and avoid
common errors, we have compiled our resources on the subject.
For an overview of the differences you’ll need to understand about
filing taxes after a divorce, check out this blog post:
How Will Your Taxes Change After a Divorce?
For more detailed answers on how to address divorce-related tax issues, see:
Divorce & Taxes: Answers to Common Questions
This post covers the following:
- For purposes of my filing, am I "married" or "single"?
- Should I claim "Head of Household" for this tax filing?
- How should we handle claiming exemptions for our children?
- Which tax credits can I claim?
- How do I handle spousal maintenance and child support payments on my tax return?
- How do I handle property settlement agreements?
- How do I handle dividing the assets in our retirement plans and the taxes
associated with those plans?
- Can I claim a deduction for the costs involved in my divorce?
Additionally, you will need to reassess which tax credits you can claim
on your tax return. Check out
Divorce and Tax Credits
to find out:
- Do I qualify for the Child Tax Credit?
- Do I qualify for the Earned Income Credit?
- Do I qualify for the Child Care Credit?
If your divorce is not yet final
If you are currently in the middle of a divorce, you should start preparing
for your next year’s taxes. Download this list of the tax issues
you should address before your divorce is final:
Divorce and Taxes Checklist: 8 Important Tax Considerations for Divorcing
If you have any doubts about how to file with your taxes due to a divorce
proceeding, contact your attorney and your accountant – they are
the people best qualified to give advice for your unique situation.
Please be advised that legal and/or tax issues can be very complex and
are different for everyone, based on unique circumstances. The information
provided here is informational only and should not be construed as personal
legal or tax advice. Consult an attorney or tax specialist for advice
on your situation.