If you are divorcing or recently divorced, be aware of this event can have an impact on your taxes. Any child support payments you receive/pay are not taxable or tax deductible. However, alimony received from your former spouse is taxable income in the year received. Alimony paid under a divorce, separation decree are tax deductible.…
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Correct Filing Status
If taxpayers are married, they can only chose the following tax filing status: married filing jointly or married filing separately. Two legally married taxpayers are not allowed to file single or head of household. If a spouse died in 2016, the widowed spouse can often file a joint return for that year. If you need…
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