Penalty-free 401k Withdrawals
Ways to make a penalty-free 401k withdrawal
Head of Household
Requirements for using the “head of household” tax filing status
Minimizing Home Sale Capital Gains Tax in a Divorce
Ways to exclude the maximum of $500,000 in divorce-related home sale capital gains from taxation
Lump Sum Spousal Support
Considerations associated with lump sum spousal support.
Children and Tax
Tax implications and considerations if you are divorcing and have minor children.
Divorce Home Sale and Capital Gains Tax
Capital gains tax on the sale of a marital home
Child Tax Credit
What’s required to be able to claim the Child Tax Credit
New Tax Law and Divorce
How the new “Tax Cuts and Jobs Act” may affect divorcing couples.
Child Support and Tax
There are key things to be aware of as regards child support and tax, even though it is not tax-deductible.
Family Support
When divorcing spouses’ incomes differ by a very large amount (placing them in much different tax brackets) and both child support and spousal is appropriate, the spouses can save significantly overall on their income taxes by designating the payments as “family support.”
Spousal Support Tax Deductible Limits
A previous post gave the basic rules for making spousal support tax deductible. This post discuss two somewhat unusual but important circumstances that affect the tax deductibility of spousal support.
Spousal Support Tax Deductible
Unless spouses agree otherwise in their final divorce documents, spousal support is generally tax deductible for the payer and reportable as income for the recipient. But there are a number of spousal support tax considerations.
