Monday, April 11, 2011

Divorce and Taxes: Five Things to Know When Filing Returns - TIME

Divorce and Taxes: Five Things to Know When Filing Returns - TIME: "The Great Recession turned out to be quite good at keeping troubled unions together. Divorce rates fell every year in America during the economic downturn. According to the Centers for Disease Control and Prevention, which tracks marriage statistics, there were 63,550 fewer divorces in America in 2009 than there were in 2006.

Numbers aren't out for 2010, but divorce lawyers and marriage counselors say 2010 was likely the first year since the financial crisis that more couples called it quits than in the year before. And that won't only make things more difficult at holiday times. April 15 (or April 18 this year, because of an extension) can be complicated for the recently divorced as well."

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