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