Divorce and tax season

Even though bringing your marriage to an end can be tough at any point during the year, certain times may be even more challenging. Heading into the tax season can be especially difficult for some people for an array of reasons. Not only can this time of year bring additional anxiety, but some people may also face financial problems when it comes to paying their taxes. Regardless of the difficulties you are facing, it is essential to look over the unique facets of your life and figure out how you can address divorce-related problems or at least try to reduce the impact of these difficulties.

First of all, it is important to know how divorce can affect your tax return, from changes to your filing status or your last name and many other issues. You should also be prepared for the financial impact of ending marriage, whether you currently depend on your spouse’s income, expect to receive alimony or child support, or will be ordered to pay spousal/child support. Moreover, other financial issues associated with divorce, such as property division and moving to a new home, can also affect you with regard to taxes.

Tax season can be hard for different reasons. Aside from recovering from debt brought on by holiday shopping, some people also have seasonal affective disorder due to prolonged winters and other challenges during this time of year. However, this may be an ideal time for you to move forward in life. Our high-asset divorce page offers further detail on ending marriage.

Read Our

Recent Blogs

What Custody Arrangement Is Best For A Child?

When making a custody arrangement, what’s best for the child or children obviously needs to be considered. Because of that, there is usually a…

Read More
How is Mediation Different From Collaborative Divorce?

Going through a divorce can be expensive, and this is especially true if you have to solve all of your problems through the court.…

Read More
What Are The Best Ways To Save Money In My Illinois Divorce?

It’s no secret that splitting from your wife or husband can be expensive. However, there are some smart ways to save money during the…

Read More

Contact Us Today!

  • This field is for validation purposes and should be left unchanged.
Group of attorneys