Hi guys, I’m going through a divorce and wondering if I can deduct the lawyer fees on my taxes in the USA. Does anyone know if legal expenses for divorce are tax deductible? TIA…
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Hello, Lawyer fees for divorce are generally not tax deductible in the USA unless they are specifically allocated for tax advice related to the divorce settlement.
no. Legal fees are only deductible in specific circumstances. When it comes time for settlement, a lot of people are frustrated because they are told that thirty or forty percent of their payout will go toward legal fees, but they end up with a 1099 or are taxed on the entire amount.