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Posts tagged "taxes"

Understanding the tax implications of divorce

Everyone knows divorce can be sticky emotionally, but the economics of divorce can get tricky too, especially when checks are still being written to an ex-spouse after a divorce is final. Depending on how the money is allocated, there are different tax implications for both the recipient and the payer. As part of a divorce settlement, a family law court may ask one of the spouses to pay spousal support (aka alimony), child support, or both.

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