According to CPA David Kane, an area that should be looked at when a couple
is going through a divorce is determining the most advantageous tax filing
status. In the pre-divorce years, there are several different options
available that will either reduce or increase your tax liability. The
outcome is dependent upon which tax filing status you decide to use.
In the years prior to divorce, the options for tax filing are as follows:
Once a couple has been legally separated or is actually divorced, the option
will then be available to file under these statuses unless you get re-married.
Your marital status is determined by state law andwhatever your marital
status is on December 31st of the current year.
If you are in the midst of a divorce or are considering one, contact an
experienced divorce attorney at Claery & Green to discuss how your
divorce will affect your tax filing status. To arrange a consultation,
please contact our office today!