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Most-Overlooked Tax Breaks for the Newly Divorced

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If you’re recently divorced, add your tax situation to the long list of complications you need to deal with. For starters, if you haven’t already done so, you need to file a new W-4 form with your employer to increase or decrease the amount withheld from your paycheck. But that’s not all … you might also be looking at alimony payments, child custody arrangements, home sales and other divorce-related issues that can affect your taxes.

Here are seven more tips to make your return to single life more tax-friendly.

SEE ALSO: The Most-Overlooked Tax Breaks and Deductions



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