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Most-Overlooked Tax Breaks for the Newly Divorced


Because federal tax law reaches deep into all aspects of our lives, it’s no surprise that the rules that affect us change as our lives change. This can present opportunities to save or create costly pitfalls to avoid. Being alert to the rolling changes that come at various life stages is the key to holding down your tax bill to the legal minimum.

If you're contemplating a divorce, add your tax situation to the long list of complications you need to deal with. For starters, once the split is final, you’ll need to file a W-4 form with your employer to increase or decrease the amount withheld from your paychecks. Here are seven more tips on making your return to single life more tax-friendly.


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