Is your divorce ongoing or has it recently been finalized? Not sure how to file your taxes? If so, there are many things to keep in mind when filing your federal and state tax returns.
A recent divorce can make filing your tax returns a bit tricky. Your tax filing needs change in many ways after your divorce is finalized. Here are some thoughts to keep in mind:
- Update your W-9 filing status as soon as your divorce is finalized
- If your divorce isn’t completed until after December 31, there may be an option to file a joint return, but you may retain the right to file separately
- You may be able to deduct any medical expenses you are paying for your child, regardless of who has custody
- If property is being transferred to your ex, make sure to determine who is responsible for paying the transfer fees
- Request your attorney invoices separately for any work completed in regard to your tax filing needs
- Learn how selling the home you once shared will change your tax filing needs
At Family Divorce Solutions of San Fernando Valley, our professionals are ready to help you have a tax-friendly filing experience.
Let us help you in filing your taxes, call Family Divorce Solutions of San Fernando Valley at 818-933-4504.
Alex Weinberger, CFP®, CDFA®, MBA
Alex Weinberger is a Director of Marriage Financial Solutions, and a Vice President at Weinberger Asset Management, an affiliated company providing wealth management and financial planning services to high net worth individuals and Not for Profit Organizations.
Note: This information is general in nature and should not be construed as legal/financial/tax advice. You should work with your attorney, financial, or tax professional to determine what will work best for your situation.