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"It&amp;#039;s starting to look like tax season, and my head is whirling. There&amp;#039;s so much to think about financially when you&amp;#039;re divorcing, and it all impacts how you file your taxes. Luckily, (?) Peter and I aren&amp;#039;t officially divorced yet, only separated, so we have the option of still filing married and jointly. Let me tell you, after looking at all we&amp;#039;re going to have to figure out after the divorce, I think that&amp;#039;s a great idea for now. I did find a good article that covers some of the basics, and it gave me a list of things we need to consider. Who is the custodial parent? I&amp;#039;m guessing that&amp;#039;s me since I have them predominately, but Peter may still want us to each claim one child for tax purposes. And according to the article, I get to claim all the daycare expenses as the custodial parent \u2013 Peter pays half that cost so I know he won&amp;#039;t like that. I already have the money Peter pays me set as &amp;quot;child support&amp;quot; vs alimony, thanks to a tip from a good friend who went through a messy divorce of her own. Child support can&amp;#039;t be taxed or deducted, but alimony would count as income for me. I still have to figure out how to set up and then claim the disbursements I&amp;#039;ll get from Peter&amp;#039;s investment accounts, once the divorce goes through. It&amp;#039;s not a ton of money, but I want to make sure I&amp;#039;m not slammed by penalties and taxes I could have avoided. \u00EF\u00BB\u00BFI&amp;#039;m kind of glad we&amp;#039;re not divorced yet, to tell you the truth. It gives me a chance to proactively get things set in the divorce decree that might make tax time next year a good deal easier. Do you have any tax tips for the newly divorced? I&amp;#039;d love to hear them! "^^<http://www.w3.org/2001/XMLSchema#string>
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