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Tag: tax filing

How Does Divorce Affect Your Tax Filing?

Hudson, NH Divorcee Seeks a Better Understanding

The IRS does not consider a separation when it comes to filing your taxes.  Only if a legal divorce decree occurs during the calendar year will it affect your taxes.  If the divorce is finalized by December 31st, the IRS will consider you divorced for the entire calendar year for tax purposes.  The biggest change is that you can no longer file your taxes jointly, but must file as single or head of household.  Any children can only be deducted on the taxes of one parent, which is often the custodial parent.

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