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Income Tax Filing

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Income Tax Filing

How Does Divorce Affect Taxes?

For the purpose of filing income taxes, marital status is based on whether a person is married or single at the end of the year. Therefore, if you were married as of the end of December 31 of the previous year, then you will file your taxes for that year as a married person and you and your spouse may need to agree whether you will each be filing married, but separate returns or jointly.

If you were married as the end of the year and if you and your spouse have a refund coming or money owed, then those could be marital assets or debts to be divided as part of your divorce decree.

If you were single as of the end of the previous year, this provision can be answered as “N/A”

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