Tax Refunds and Divorces

April 15 is upon us again, and you know what that means: time to pay federal and state income taxes. Many people will receive refunds from “Uncle Sam” if they had too much money withheld from their paychecks over the past tax year. If you are going through a divorce, are already divorced, or if you pay or receive child support, there are a few things you should know about tax refunds. If you will be receiving a refund and you are still married, your spouse may be entitled to a portion of the refund. Even if one spouse earns more than the other spouse, the court may not necessarily divide the refund based on each spouse’s earnings. The court may order the spouses to equally share the refund. A tax refund can also affect Illinois child support payments. In Illinois, there are minimum child support guidelines which generally require a non-custodial parent to pay a percentage of his or her net income as child support. For example, if there is one child, the non-custodial parent usually pays 20% of his or her net income to the custodial parent. If a parent who pays child support pursuant to a child support order receives a tax refund, that refund may be additional income. The custodial parent may have a claim to the other parent’s refund, depending on the child support order that is in effect.

Recent Post

Order of Protection for Domestic Violence

Unfortunately, some Chicago divorces or Chicago child custody disputes involve domestic violence. When domestic violence, or the threat of domestic violence, occurs a victim may petition the court for an order of protection. An order of protection is a court order...

Key Differences Between Illinois Prenups and Post-nups

Illinois Premarital Agreements Most people have heard of premarital agreements (often referred to as "prenups").  The law defines prenups as contracts drafted and signed by a couple prior to their marriage.  Illinois has a statute, known as the Illinois Uniform...

Divorced Parents Disagree over Covid Vaccines

Now that Covid vaccines are approved for children that are 12 years of age and older, some Chicago divorced parents disagree over Covid vaccines. Specifically, some divorced parents disagree as to whether their children should receive the vaccine.  Some parents...

5 Common Divorce Myths You Might Believe Too

Too often, when contemplating divorce, people believe some common divorce myths that are seemingly based on common sense.  However, the facts are often different than what people think.  It can be detrimental to your case if you enter into divorce proceedings without...

categories

If you are looking for legal advice and representation with an Illinois divorce, schedule a consultation with experienced Chicago divorce attorney, Tanya Witt, at (312) 500-5400 or info@thewittlawfirm.com.

Representing men and women in Chicago divorce and child custody cases.

This blog does not constitute legal advice. Please consult with an attorney regarding your specific case.