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What Can Be Taxed In A North Carolina Divorce For most, paying taxes is not the highlight of the year. It can be even worse for those facing a divorce and worrying about how a divorce might affect taxes. How exactly does divorce affect taxes? The answer isn't an easy one. The Law Offices of Dustin McCrary have issued a new article on what exactly gets taxed in a divorce. Alimony, or spousal support, is the regular payment of money by one spouse to another following a divorce. The Internal Revenue Service has generally determined that child support payments are neither deductible nor taxable. It is still essential to consider issues like which parent will claim the children as dependents for a dependent exemption and which parent will be able to claim various child tax credits that may be available under the law depending upon particular circumstances. Property division is undoubtedly one of the areas of divorce where tax issues can become more complicated. There is no bright-line rule when it comes to exactly how dividing marital property might affect a person's taxes, as each circumstance is slightly different. The Law Offices of Dustin McCrary can help clients with divorce settlements. Find Out More At https://mccrarylaw.co m/