Compassionate Advocacy for You & Your Family

Tax Consequences of Divorce

Add your title here

This is the text area for this paragraph. To change it, simply click and start typing. Once you've added your content, you  can customize its design by using different colors, fonts, font sizes and bullets. Just highlight the words you want to design and choose from the various options in the text editing bar.

This is the text area for this paragraph. To change it, simply click and start typing. After adding your content, you can customize it.

Taxes are always a certainty before, after, and during your divorce. Attorney Paul C. Bishop help clients understand how divorce will affect their taxes. He works to maximize your cost savings by creating a comprehensive tax plan and divorce settlement.


His knowledge and experience can guide you through your tax options throughout your divorce. For a confidential initial consultation, contact Attorney Paul C. Bishop in Norwood.

Attorney Paul C. Bishop can help you understand the tax implications of every aspect of your divorce or family-related matter, including:


  • Alimony: Spousal support typically is non-deductible to the spouse who pays it and non-taxable income for the receiving parent.
  • Child support: Like alimony in most instances, child support is not tax-deductible and it is not taxable income. However, the amount of support still needs to be included in your tax return.
  • Marital home: If you receive the marital home in your divorce, it is important to include language in your settlement to divide any capital gains tax between you and your ex-spouse. Without this language, you could end up paying the full taxes for any increased value in your home during your marriage, and this tax can be costly down the road.

Tax Consequences of Divorce Attorney

in Norfolk, Middlesex, Plymouth Suffolk Counties, Massachusetts

Understanding the Role Taxes Play in A Divorce

Understanding the Tax Consequences of Your Divorce

I will walk you through the necessary steps. Contact THE LAW OFFICES OF PAUL C. BISHOP today for legal assistance.

The Difference Between Joint and Separate Filing

After your divorce is final, you cannot file jointly with your ex-spouse. However, while you can file jointly during your divorce, it may be beneficial to you to file separately. In particular, if you or your spouse doesn’t work, you may be able to save money by filing separately.


Our divorce attorneys will advise you on all of your pre-divorce and post-divorce tax options. We will help you develop a divorce settlement that takes taxes into account.

Receive Personalized Attention, Request a Consultation

For dedicated service and attention to every detail of your divorce, contact our property division attorney in Massachusetts. Our experience means your success.

Contact Me Today

Fill out the attached form to get started.

Contact Us

The Law Offices of Paul C. Bishop

220 Norwood Park S Ste 101

Norwood, MA 02062

Call us

Phone:

(617) 804-4854

HOURS

Mon - Fri
-
Sat - Sun
Appointment Only
The Law Offices of Paul C. Bishop

220 Norwood Park S Ste 101

Norwood, MA 02062

Phone:

(617) 804-4854

HOURS

Mon - Fri
-
Sat - Sun
Appointment Only
Share by: