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I am in Texas.
BillNot unless it’s something like you get half a 401k and then you withdraw the money. A divorce settlement itself isn’t taxable.
CodyIn Texas, shouldn’t it be community property that you’re legally entitled to? So not income because it was already “yours”?
BriannaIf it’s an alimony settlement you do. If it’s marital asset or child support you don’t.
EmilyEverybody going through a divorce needs a financial professional (ideally who specializes in divorce) a lawyer, and a therapist. They each support in different ways. Second Saturday Divorce Workshops can be great resources in your local community.
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