Tax Changes Impact Your Divorce

TAX CHANGES IMPACT YOUR DIVORCE

There are a lot of moving parts to representing you during your divorce and the tax changes make it even more challenging. Now add the Recovery Rebate Credits (RRC), Child Tax Credit (CTC), Child and Dependent Care Credit (CDCC) and things get even more complicated.

First and foremost, your attorney should tell you that you need either a tax lawyer or a Certified Public Accountant to analyze any settlement or stipulation regarding your matter.  

So many attorneys don’t even understand that the recent tax changes impact your divorce.  The lawyer does not replace the experts but directs you to them so that after consulting with these experts and your attorney you are able to make the best decisions possible.

Information and knowledge are your friend.