Media Update: Divorce and Taxes
With tax season fast approaching there are many things to consider. This is especially true for anyone going through a divorce, according to Sands McKinley of family law firm McKinley Irvin of Washington State. Beyond the normal questions of taxes, issues surrounding divorce and taxes can add fuel to already emotional situations.
McKinley Irvin offers a nine-step overview of what people going through a divorce need to consider. The tips cover the following topics:
- Whether to file as married or single
- Who claims Head of Household status
- How to handle exemptions for children
- The basics on tax credits
- Claiming spousal maintenance and child support payments
- Property settlement agreements and associated taxes
- Retirement plans asset division
- Whether taxes can be avoided until the divorce is final
Sands McKinley, managing partner of McKinley Irvin, PLLC.
- is Washington’s largest law firm focused exclusively on divorce and family law;
- is highly skilled and experienced at handling complex cases;
- provides family law services related to divorce, child custody, child support, relocation, non-traditional family relationships, international treaties and other practice areas.