Kajko, Weisman & Colasanti, LLP

How could divorce affect my taxes?

When it comes to filing for a divorce, there are many factors that you may want to consider. For example, you may want to think about the potential impact divorce could have on your children and focus on making the process easier for them Or, you might be worried about how your marital property will be divided or stressed out about heading to court. However, if you live in Boston, Massachusetts, or anywhere in the United States, it is essential to realize the different ways that divorce may affect your taxes.

According to the Internal Revenue Service, there are many different ways in which splitting up with your spouse could have an impact on your tax return. For example, if you change your last name after divorcing your marital partner, you should keep in mind that the name you list on your tax return must be the same as your name as it appears in the Social Security Administration’s database.

Also, if you receive spousal support, you will be required to pay taxes on it and count it as part of your income. If you pay spousal support, you might be able to deduct your payments. However, this does not hold true for child support payments. Since divorce can result in the loss of health insurance, it is also vital to know how divorce could affect your taxes due to the health care law.

This post is being offered for general informational purposes and should not be taken as any kind of a substitute for legal counsel. 

No Comments

Leave a comment
Comment Information
Email Us For a Response

Tell Us About Your Case

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Lexington Office
430 Bedford Street, Suite 390
Lexington, MA 02420

Toll Free: 978-296-5107
Phone: 781-325-1786
Fax: 781-861-1833
Lexington Law Office Map

Nashua Office
20 Trafalgar Square, Suite 434, Office 64
Nashua, NH 03063

Toll Free: 978-296-5107
Phone: 781-325-1786
Phone: 603-883-9649
Fax: 781-861-1833
Map & Directions

Andover Office
68 Main Street, Suite 4
Andover, MA 01810

Toll Free: 978-296-5107
Phone: 781-325-1786
Fax: 978-470-3874
Map & Directions