A divorce can be incredibly challenging to go through from an emotional standpoint. However, a divorce will also have a big impact on your taxes in ways you didn't think about. That's why it will be helpful to know the following changes so that you can prepare for them.
One immediate change that will happen after a divorce is the need to change your filing status for tax purposes.
Gambling can be a fun pastime for many people, but it can also lead to financial and personal problems. When gambling becomes an addiction, it can lead to significant financial losses and even impact a marriage. In some cases, gambling debt can be a factor in a divorce. Here is what you need to know about how gambling debt can impact your divorce:
Division of Assets
In most states, assets acquired during a marriage are considered marital property and are subject to equitable distribution in a divorce.