Tax Implications

Divorces often take place during the month of December because of the tax implications. Filing status depends on your marital status on December 31 of the previous year. By the time a divorce is taking place, parties frequently do not care about how the other spouse's taxation will be affected. But, there is no reason to pay more in taxes to the government just to spite a spouse. Tax benefits are often shared equally between the parties. In the rare occasion that a party has to pay more, if the other saves more than the combined savings, the benefit should be split between the parties.

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Alternative Dispute Resolution/MediationWills and EstatesLandlord/TenantTraffic Violations
Criminal OffensesLitigation and Appeals

Disclaimer: Our law office serves all areas of New Jersey (primarily Middlesex, Monmouth, Mercer, Somerset, Ocean, Hunterdon, Union Counties) in cases that include divorce, real estate, personal injury, wrongful death, negligence, criminal, wills and estates, landlord/tenant, business and commercial, contracts, corporate, product liability, family law including child support, child custody issues, visitation, and alimony, and traffic violations or offenses such as speeding tickets, DUI or DWI that may affect insurance premiums. The legal information contained on this website should not be interpreted as formal legal advice or the creation of an attorney-client relationship. Please contact our attorneys at our Middlesex County office located in Edison, New Jersey, or at our Mercer County office in East Windsor, New Jersey.

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.