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College Planning – What Needs To Be Done During A Divorce

Claiming of the children chances are that when you were married

, you filed joint tax returns. Once you are divorced, you will file individual tax returns. Your income, tax bracket and who claims the children in a given year can have a decent sized positive impact on each of your individual tax returns, making your combined individual tax returns greater than you married combined ones. I suggest speaking with an accountant who is experienced in divorce and divorce law. The extra money you receive as individuals can go right into a college savings plan.

College Planning What Needs To Be Done During A Divorce

By: Brian James
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