Alimony and child support payments often get confused when it comes to income and deductibilty. Also, health insurance issues become more complicated because of the Affordable Care Act passed into law last year. Please contact me to learn more regarding your own personal situation. 732-262-0061.
The Tax Effects of Divorce or Separation
Income tax may be the last thing on your mind after a divorce or separation. However, these events can have a big impact on your taxes. Here are some key tax tips to keep in mind if you get divorced or separated. https://www.njcpa.org/stay-informed/tax-financial/full-article/2015/08/24/the-tax-effects-of-divorce-or-separation