Can I deduct the cost of my divorce from my taxes?

Nutley, New Jersey estate planning and probate attorney, Brad Micklin, talks about how you can deduct the cost of your divorce from your taxes.

Contact Brad Micklin

Email: [email protected]

Phone: 973-562-0100

Transcript:

Usually you can’t deduct the legal fees of the divorce in taxes. They’re generally not deductible, with the exception of tax – or legal fees that have to do with taxes or tax planning. Commonly in a divorce, tax planning is gonna revolve around alimony payments, so that’s really the only exception that I know but it’s something I usually say to use with caution.