If I get a lump sum as a divorce settlement- do I have to pay taxes on it? › Forums › Financial Independence This topic is empty. Viewing 5 posts - 1 through 5 (of 5 total) Author Posts May 9, 2023 at 6:48 pm #81997 Reply USER I am in Texas. May 9, 2023 at 6:49 pm #81999 Reply Bill Not unless it’s something like you get half a 401k and then you withdraw the money. A divorce settlement itself isn’t taxable. May 9, 2023 at 6:50 pm #82000 Reply Cody In Texas, shouldn’t it be community property that you’re legally entitled to? So not income because it was already “yours”? May 9, 2023 at 6:50 pm #82001 Reply Brianna If it’s an alimony settlement you do. If it’s marital asset or child support you don’t. May 9, 2023 at 6:50 pm #82002 Reply Emily Everybody 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. Author Posts Related Topics:Texas: Mortgage escrow error, unpaid taxes, fees. Recourse against lender?What's the best way to find properties to rent out in Texas?How can a spouse protect herself from her partner's financial debts in Texas?What are your thoughts on the upcoming Texas Stock Exchange in 2026?What percent would you all invest in stocks, bonds, CDs? And lump sum or DCA?How can I reduce my electric bill in Texas when it's usually $70-80 but now $100? Viewing 5 posts - 1 through 5 (of 5 total) Reply To: If I get a lump sum as a divorce settlement- do I have to pay taxes on it? Your information: Name (required): Mail (will not be published) (required): Website: Submit Spread the love No related posts.
