Web$800,000 in legal fees. The same kind of attorney fee tax problems can occur when there is interest instead of punitive damages. You might receive a tax-free settlement or judgment, but pre- or post-judgment interest is taxable, and you may not be able to deduct the legal fees on that part of the case. Sometimes an allocation of legal fees that is WebMar 1, 2024 · Learn whether you can deduct your divorce attorney fees on your taxes with our helpful guide. Contact our experienced attorneys today! Westlake Village: (805) 777–7740; Calabasas: (818) 877-0001; ... Attorneys’ fees in a divorce can be enormous expenses for both parties involved, but of course they are sometimes necessary to get …
Can I Deduct My Divorce Attorney Fees On My Taxes?
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How To Handle Tax Returns if You
WebJun 1, 2024 · Legal Fees you can deduct: Court costs and attorney fees related to either doing or keeping your job, including back pay, injury to reputation, and unlawful … WebDec 9, 2024 · While it may have been possible to deduct certain divorce attorney fees on taxes or other expenses from divorce proceedings before 2024, the Tax Cuts and Jobs … WebIn your initial divorce paperwork, you'll need to state a ground or reason that you're seeking a divorce. Kansas divorce laws allow both "fault" and "no-fault" grounds. See Kan. Stat. … blind bay real estate listings mls