Taxes and Divorce

Taxes and DivorceAs April 17, 2018 inches ever closer, you may find yourself directing your attention towards your taxes.  If you have divorced recently, you may have new tax questions this year.  At Eric C. Cheshire, P.A., we understand how the first tax filing after divorce can feel overwhelming.  Here’s a starting point for tackling this year’s taxes.

Know Your Filing Status

The Internal Revenue Service (IRS) has a bright line rule about marital status.  If you were divorced before midnight on December 31 of 2017, you will file separately.  Of course, if you are the custodial parent, you may qualify for head of household status.  However, even if you were married for 363 days in 2017, your completed divorce at the end of December takes you out of the “married” filing status. read more