Most-Overlooked Tax Breaks for the Newly Divorced
by Rocky Mengle, Tax Editor
Jan 08, 2019
3 minutes
If you're recently divorced, add your tax situation to the long list of complications you need to deal with. For starters, if you haven't already done so, you need to file a new W-4 form with your employer to increase or decrease the amount withheld from your paycheck. But that's not all ... you might also be looking at alimony payments, child custody arrangements, home sales and other divorce-related issues that can affect your taxes.
Here are seven more tips to make your return to single life more tax-friendly.
Alimony Payments
You can deduct alimony you pay
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