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Divorce, Taxes, and the Tax Bill

In Separation & Divorce by Sarah Hink

When you get divorced, there are many moving pieces you must juggle. Who is going to care for the children, where are you going to live, is property going to be divided fairly, how are you going to make ends meet? This is all in addition to the emotional trauma that comes with the end of a marriage. Unfortunately, a divorce begets questions about another dreaded subject matter: taxes. Despite all of the feelings that come with the mere mention of taxes, it is well worth your while to understand how taxes and divorce interact. This is because there are potential financial benefits that come with taxes and divorce. However, you should also remain mindful of submitting proper and accurate tax returns. The absolute last thing you want following a …