What gets taxed in a North Carolina divorce?
Under the best of circumstances, no one likes dealing with taxes. But when you’re involved in a divorce, there are special circumstances that come into play.
For example, will any alimony or child support payments be taxed? And who gets to claim the children on their tax return? These are just a few examples of the many tax situations divorcing couples must consider.
In this section, we will address a number of the situations that can impact your tax liabilities in a divorce.
During the divorce process, custody and support can impact your tax situation. There are various child-related tax implications that must be addressed upon divorce and separation.
What tax implications are involved when dealing with property like retirement accounts, life insurance policies or even the marital home?
There can be different tax liabilities associated with spousal and child support, as well as divided property.
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When a marriage ends, it is never easy. It can feel like there are a million things to consider — from the practical decisions about property and finances to the emotional heartbreak of ending a relationship.
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