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Stock impact report

Divorced, separated or widowed in 2024? How it will affect your tax return [USA TODAY]

H&R Block, Inc. (HRB) 
Last h&r block, inc. earnings: 3/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: en.wikipedia.org/wiki/h
Company Research Source: USA TODAY
If you were widowed, separated, or got divorced from your spouse in 2024, it's likely going to affect your tax return and refund . Though everyone's circumstances are different, experts advise it's usually a good time to sit down with a financial planner or tax professional, especially if dependents and shared assets are involved. “The details matter. Keeping the records matter,” said Jackson Hewitt's senior vice president and chief tax officer Mark Steber. “Dealing with a tax pro matters.” From a change in filing status to how to plan for next year, here are experts' tips for newly single taxpayers: Determine your new filing status If you're newly single, you're likely used to filing married jointly or filing married separately. Remember this date Dec. 31, 2024. That's the date that matters. If you were legally married when the new year hit, your status options remain the same. However, if you were legally divorced or separated before 2025 hit, even if the paperwork was pr Show less Read more
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