In this episode, Melissa Fradenburg, Financial Advisor, RJFS and Jamie Wilkerson Majni CPA, discuss the common tax issues and considerations in divorce. With over 20 years of experience as a CPA and experience going through her own divorce, Jamie knows there are a lot of financial changes through the process. While it can be daunting to face these changes, especially if you were not the one filing taxes in your marriage, our goal in this episode is to break down the main issues you should address if going through or recently divorced.
We will discuss:
- How to determine your filing status?
- When do you get to claim children as dependants?
- You might be eligible for COVID-19 stimulus money even if you did not receive it in 2020.
- Retirement assets may be worth more than other assets divided in divorce.
- How is spousal support taxed?
- Find out more about Jamie HERE.
- Read Pearl Planning’s BLOG on 2020 taxes.
- Resource guide on 2020/21 tax information.
- Find out how Pearl Planning can help in the divorce process HERE.
Raymond James is not affiliated with and does not endorse the opinions or services of Jamie Wilkerson Majni. Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Raymond James financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.
Melissa Joy, CFP®, CDFA® is President and Wealth Advisor at Pearl Planning. Reach out for a call today at 734.274.6744.