New York homeowners receive a significant tax break on capital gains from selling their homes. A divorce puts this valuable tax break at risk. Married couples can qualify for a tax break on up to $500,000 of capital gains income; single taxpayers can only receive a...
Month: May 2023
Divorce issues that arise when you’ve accumulated assets
Acquiring assets such as a home or car may make your life easier and more comfortable. However, if those assets were acquired during your marriage, they may be subject to New York property division rules in a divorce. Of course, this assumes that they are part of the...
What to do when your child wants to move
If you're like most New York parents, you do a good job of caring for your child. However, this doesn't mean that your child won't at some point request to live with your former partner instead of staying with you. Ideally, you won't take the request personally and...
