Parents of Southeastern Michigan Adults with Autism and Disabilities

Parents of Southeastern Michigan Adults with Autism and Disabilities Online support group to share resources, experiences, and support for parents and caregivers of adults with ASD and/or other special needs.

Basics:  Any division of assets pursuant to divorce is not taxed when transferring between spouses. You still can preser...
03/24/2022

Basics: Any division of assets pursuant to divorce is not taxed when transferring between spouses. You still can preserve the $250K exclusion on gains upon the sale of the home by ensuring it is stipulated and following the IRS rules. Alimony/Spousal Support and Child Support are non-taxable to the recipient and nondeductible to the supporter.

https://www.yahoo.com/lifestyle/avoid-paying-taxes-divorce-settlement-203404404.html

Divorce settlements can be extremely complicated. While it makes eminent sense to work with a financial advisor as you plan your finances for a divorce, there are several key areas that can hold promise of avoiding or at least minimizing … Continue reading → The post How to Avoid Paying Taxes on...

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