More often than not, divorce comes with a heavy financial burden. Posts in this category are to inform you of just what to expect.

When divorced, who claims child on taxes?

featured image credits In case of a divorce, the custodial parent can usually claim children as their dependents. The IRS (Internal Revenue Service) however defines the term “custodial parent” differently from the family courts. Sometimes, the decree of your divorce claims you as the parent with custody. But the IRS can say otherwise, qualifying the …

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