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If you do not pay taxes on your alimony (for all divorces signed Jan. 1, 2019), you cannot use this money to contribute to either an IRA or a Roth IRA. If you pay alimony and signed your divorce ...
For example, you cannot deduct fees for counseling, litigation or tax advice that you got during your divorce. The 2017 Trump tax plan also eliminated the deduction of legal expenses that were ...
Filing your taxes can get complicated depending on your unique circumstances, and not everyone has access to an accountant or other tax professional. Related: 8 IRS Secrets To Know for the 2023 Tax...
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Tips on Taxes. Receiving a settlement can be life-changing and a solid step towards addressing a bad situation. This money can set you financially for life if you can invest it wisely. A financial ...
Divorce isn’t just about emotional separation: It’s about financial separation, too, especially when it involves shared property like a home, the most valuable asset many people own.
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