Are My Oregon Divorce Attorney Fees Tax Deductible?
Normally family attorney fees are not tax deductible. Read below to see the exceptions.
"Are My Lawyer Fees Tax Deductible?"
If you or a family member have found yourself in the middle of a divorce, custody dispute or other family law issue, you are probably well aware that hiring the right lawyer is worth the expense, and often is not inexpensive. In other words, despite the cost, you know how important it is to have a properly trained and prepared attorney to represent you in what, for many, is the most important battle of many peoples’ lives.
If you are like so many of our clients, you are contemplating divorce or are in the middle of the divorce process. With this inevitable step comes securing of legal representation to help you achieve your desired results and the payment of attorney and lawyer fees whether in the form of ongoing trust deposits or a flat fee. With money spent securing a better future for yourself and your family, you might be wondering, “are my lawyer fees tax deductible?”
Attorney Fee Tax Deduction In New Tax Law?
Generally, under Oregon law, attorney fees incurred during the course of a dissolution of marriage action or as a result of a divorce or other family law matter are no longer tax deductible as they are considered a “personal expense.” A party may only deduct legal fees related to doing or keeping their employment, but may not deduct the costs of counseling, litigation or personal advice.