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Divorce's Income-Tax Implications

By BARRY LISAK
Posted 11/6/17

Divorce is far and away one of the most stressful ordeals two people can go through. Many people negotiate and finalize their divorce without taking proper account of the tax impact of their decisions. Here are some tax guidelines to be aware of:

1. Your income-tax filing status is set by your marital status on the last day of the year:

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