In the U.S., both parents are legally expected to provide financial support for a child, even if they live in separate households. What happens if child support payments aren’t paid, and how can you avoid owing back child support? Learn more here.
For families with a nonworking spouse, the IRS allows both spouses to contribute to IRAs based on the joint household income to help them save more money for retirement. Learn about spousal IRAs, their rules, who is eligible to contribute, and the benefits of using these tax-sheltered accounts.
An engagement ring for your partner is one of the biggest purchases you’ll ever make — and definitely one of the most stressful, especially if you’re tight on cash. Fortunately, when it comes to ring shopping, there are several ways to reconcile big dreams with a less sizable budget.
If you’re married according to IRS rules, you have a decision to make: Should you and your spouse file jointly or separately? Each filing status has its own set of benefits and potential pitfalls. Here’s everything you need to know to choose which one is the best for your financial situation.
Following a complicated divorce, filing taxes sometimes becomes even more complex than when you filed as a couple. Here are some of the issues you need to consider when filing your taxes after a divorce.