Managing Your Taxes During and After Divorce

Doing your taxes in the middle of a divorce can get complicated, with all the deductions and credits you need to know. As a couple splits up, they have to figure out who will own which physical and financial assets, and their taxes may reflect this. Here’s an overview of what you’ll need to know to make the process a little easier:

Divide property and debt

If you live in one of the nine community property states, where all assets and liabilities are considered equally owned, you may want to consult a lawyer or legal aid service to guide you through the process.

via Managing Your Taxes During and After Divorce - NerdWallet.