Divorce can be a difficult and stressful process, and the last thing you want is to be hit with unexpected tax obligations after the fact. If you are going through a divorce, considering your decisions’ tax implications before finalizing a settlement is essential.
Below are some key tax issues that arise during an Illinois divorce and offer tips for minimizing tax obligations.
Tax Implications of Divorce in Illinois
Divorce can have significant tax implications, particularly regarding property division, alimony, and child support.
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