Originally Posted by Clboyd09
Thank you for your quick reply. It was very helpful. One more quick question - you stated that it would depend on my filing status. If my divorce was final in August, I should either file Single or Head of Household correct? We have 1 six year old daughter who lives with me full-time.
Thanks again for your help!
correct; Filing head of household is the most preferred, because of the reduced tax rate, and greater amounts in some deductions. However, make SURE that you qualify, because both state and IRS will make you verify in order to claim HOH. In genral, you can only file using the HOH filing status if you are unmarried on the last day of the year of 2013; However, there are some exceptions. you can file for HOH even though you are married ,however, as long as You and your spouse maintained separate households for the last six months of the year; You both file separate tax returns this year; At least one qualifying dependent lived with you for more than half of the calendar year; You provided more than 50% of the funds needed to maintain your household.
NOTE; Your filing status is determined in large part by your marital status on the last day of the year. Generally, if you are legally divorced on/by December 31st, you are considered divorced for the whole year for tax purposes.