divorce and taxes

A Tax Loophole Just For Divorcing Couples

A Tax Loophole Just For Divorcing Couples

A lot of people getting divorced are not aware that the IRS, yes that IRS, recognizes that people getting divorced have an unusual situation that could benefit by some reasonable exceptions to their usual rules.

One that is often overlooked is the elimination of the 10% tax penalty for 401(k) withdrawals done as part of a divorce property settlement agreement. Read on to learn more.