8 Things to Know About Divorce and Taxes
If you’re filing for divorce, or find yourself recently divorced, it’s imperative that you understand how your changing marital status...
Married couples always have the option to file separately if they wish, however, the question that is usually relevant in this scenario is why would they want to do so. Typically, it is for reasons other than financial, which is usually the fact that one or both spouses do not want to be responsible for the others tax liability.
Note that if the spouses are legally separated or divorced by December 31 of the year for which they are filing, they would not be considered married and the option to file as married filing separately (or jointly) are off the table.
Please refer to “What is my filing status?” for more information on the status of married filing separately.
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