How Does Getting Divorced Affect Taxes?

Divorce changes your filing status back to Single or possibly Head of Household if you have a qualifying child. For divorces finalized after 2018, alimony is neither taxable income nor a deductible expense. Child support is never taxable or deductible. Only one parent can claim a child as a dependent each year — your divorce decree should specify who. Review your W-4 and estimated payments immediately after divorce.