Understanding Taxes For 504 Divorced Or Separated Individuals
Going through a divorce or a separation can feel like a really big life change, and it’s true that it brings with it many adjustments. One area that often causes a lot of questions, understandably, is how it affects your taxes. For many, figuring out the tax implications when you become one of the 504 divorced or separated individuals can seem a bit overwhelming, but there’s actually a very helpful guide from the IRS that makes things much clearer.
This guide, IRS Publication 504, is a rather important resource for anyone dealing with the financial side of a split. It helps explain what you need to know about filing your tax return, how to choose your correct filing status, and what happens with things like dependents, alimony,
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IRS Publication 504 – Divorced or Separated Individuals - Sessums Black
Section 504
Section 504 Plan — Garden City SEPTA
