Tax Effects of Divorce | Be Aware of Them

8 Tax Effects of Divorce You Need to Consider

Learn the tax effects of divorceAnyone contemplating divorce has many issues to consider, the least of which is income tax. However, how your divorce is structured could have a serious impact on your income taxes. The two primary points that most couples are usually concerned with are alimony and a name change, but these are only two of many tax effects of divorce issues that must be considered.

The following are some important issues to consider in a divorce proceeding:

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Tax Tips for Newlyweds

Tax Tips for Newlyweds

Tax tips for newlywedsWith the arrival of the warm summer months, comes the arrival of many newly married couples.  Taxation for a married couple is different than taxation when you are single.  This article will address some of changes newlyweds will face.

Changes.  You will want to update any name and addresses changes with all the entities listed in this article.

If you or your spouse has a legal name change with the marriage, you must report your new legal name to the Social Security Administration.

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