Parties to a divorce in Arizona should always consider the tax implications of a divorce before making any financial arrangements, especially if children are involved. When a divorcing couple has children together, the court makes the final decision as to which parent gets to claim the exemption(s) for child dependency on their tax return. Further, ex-spouses should also keep in mind that although Arizona spousal maintenance payments are tax-deductible, Arizona child support payments are not.
When parties to a divorce in Arizona fail to anticipate tax issues, they can encounter may difficult financial problems down the road. To learn more about the tax implications of your Arizona divorce case please contact myself, AZ divorce tax attorney Tim Durkin to schedule a consultation. Call (480) 779-7972.