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A spouse may be relieved from liability for tax, interest, and penalties if they can show they were not aware of the understatement of tax made by their spouse.

Taxpayers may be eligible for a nonrefundable credit for qualified adoption expenses, which can ease the financial impact of adopting a child.

After separation or divorce, a lower-income custodial parent may claim the EITC, which could provide significant tax savings.

Property transfers between spouses during a divorce are generally not taxable. However, tax implications can occur when the recipient sells the property.

This filing status is available for individuals who are unmarried, pay for more than half of the household expenses, and have a qualifying dependent, offering tax benefits.

Foster care payments received by a taxpayer are generally not taxable income, influencing foster care and potential adoption decisions.

The parent who is allowed to claim the child as a dependent, generally the custodial parent, can claim the Child Tax Credit.

The right to claim children as dependents can significantly affect tax liabilities. Typically, the custodial parent has the right to claim the dependency exemption.

A QDRO allows for the tax-advantaged transfer of retirement plan assets to a spouse or former spouse, often without penalty.

Child support payments are neither taxable to the recipient nor tax-deductible for the payer.

Following a divorce, medical expenses paid for a child may still be deductible even if the taxpayer does not claim the child as a dependent.

After a divorce, individuals cannot file jointly and their tax filing status may change, impacting tax rates and liability.

The tax code can cause a married couple to pay more or less tax than if they were single, affecting decisions regarding marriage and divorce.

After a divorce, capital gains tax might apply to the sale of the marital home, potentially impacting the division of assets.