As the divorce process proceeds, you will be presented with options and action items. It is important to consider the tax costs/savings that result from such choices: from splitting financial accounts to claiming child tax credits. A certified divorce financial analyst could preview your options and provide guidance. This article describes some situations which may impact your taxes.
There are some expenses like insurance, gym memberships, phone plans, and streaming services that are shared during the marriage. As the divorce process proceeds, you must take steps to remove yourself from joint accounts and establish them under your name to remove any personal or financial liability. Read this article for more ideas.