Good News / Bad News – Tax Facts About Spousal Support

Each tax season in my work as a CFP, I have the unpleasant task of informing a recent divorcee that they have an unexpected and substantial tax liability. It’s a curious phenomenon that during tax preparation, the spousal support payor rarely forgets the deduction and chimes in with, “Don’t […]

The Hidden Benefits of “Tax Season”

In most marriages, it is not unusual for one spouse to have a more “hands-on” role or a better understanding of the marital finances. For a variety of reasons (fear, control, stereotypical gender roles), the spouse who is less focused on “how the money works” may not possess the […]