Is Divorce Settlement Money Taxable?


Divorce is difficult enough on its own, but figuring out the tax implications makes it even more complicated.

A divorce requires the division of all marital assets, from property to retirement savings. While sorting out which spouse will end up with what assets is the primary focus of divorce proceedings, it is also important to consider how taxes may affect each individual.

Learn how support payments, housing, and retirement accounts can impact your financials during a divorce. Read more

3 Tax Benefits of Using an HSA

While people tend to be more familiar with the tax advantages of investments such as IRAs or a 401(k), the Health Savings Account, or HSA, is not as well known and is talked about less in the investment community. Read more

11 Common Tax Filing Mistakes You Want to Avoid

Tax season can be a stressful time. Tax returns are complicated and, depending on your income and deductions, can require a significant amount of forms and calculations. Even simple mistakes can delay your return or cost you significantly more in fees and penalties. Below are 11 of the most common tax filing mistakes you want to be sure to avoid. Read more