It is that time of the year when people are getting ready to file their taxes. Gathering all the documents and meeting the deadline can be stressful and exhausting. One thing that will definitely cause problems is divorce; if you divorced lately, your situation becomes extremely complicated. How do you file for your taxes, and are you able to file on your own or have to do it together with your ex-spouse?
Here are some general tips that will help you file your taxes after a divorce in Florida.
When Were You Divorced?
In the state of Florida, individuals are able to file taxes based on their marital status on the last day of the year. This means that even if you were married for eleven months if you got divorced in the meantime, you have to file separately.
Most couples choose to get divorced at the beginning of the year, to make things easier for them and to be able to file taxes together one last time. This makes things a lot more simple, and once they get divorced, they can deal with the taxes separately in the following year.
However, if you did divorce in the previous year, based on when your divorce was final, you can either file your taxes separately or together with your ex-spouse. The best way to find out is to speak with Fort Lauderdale divorce attorney and schedule your free consultation. An attorney will explain to you your rights and helps you get to the bottom of your situation.
Filing a Claim
The most common question newly divorced couples ask is who gets to deduct what and who gets to claim certain items? This issue can quickly escalate and become an argument that takes months to settle. You do not have months, as you have a strict limit on filing your tax claim. With that in mind, here are a few things that you should know about calculating what you can and what you cannot claim:
- Any asset that you gained during the divorce is usually not taxable (there are exceptions in rare cases)
- You cannot deduct legal fees related to your divorce
- If you are receiving alimony, it has to be reported as taxable income; if you are the one paying alimony, you should claim it as a deduction
- All donations can be split 50-50, meaning that each party can claim one-half of all the donations made during the past year.
- When children are involved, only one parent is allowed to claim the child as a dependent
Consult With A Legal Professional
Your best option of ensuring that you file your taxes on time is a legal professional. If you do not have one in mind, consult with Divorce Attorney in Fort Lauderdale at the Law Offices of Gustavo E. Frances today and learn what forms you have to fill and how you can claim your taxes after getting divorced. Also, if you moved, you may have to file additional reports (Form 8822: Change of Address) if you expect to get a refund from the IRS.
Remember not to allow stress to take over, and take it one step at a time. An attorney will protect your interests and ensure that everything is done in the best order.