Tori Spelling and Dean McDermott’s divorce settlement has exposed over $1.7 million in unpaid federal and state taxes, along with additional personal debts, revealing the financial struggles of the former couple as they finalize their split.
The final judgment in their divorce, filed in Los Angeles County Superior Court, details that Spelling and McDermott owe approximately $1.2 million to the IRS and over $500,000 to the California Franchise Tax Board. This tax debt is to be split evenly between them, with each responsible for a minimum of $600,000 of the IRS portion. The documents, obtained by Fox News Digital, highlight the severe financial obligations that emerged during the legal proceedings.
Beyond the tax obligations, the couple faces other significant debts. They owe $37,000 tied to an American Express collection account and still have an outstanding balance with City National Bank from a lawsuit in 2016. Additionally, Spelling owes $288,000 to a private individual, $69,000 to another, and $10,228 in uninsured medical expenses, while McDermott has $22,000 in student loans and $20,609 in his own medical bills. These figures paint a comprehensive picture of their accumulated financial burdens.
The divorce was finalized on November 13, 2025, after Spelling filed in March 2024 and McDermott cited irreconcilable differences with a separation date of July 2023. The court granted joint legal custody of their five children, with Spelling having more physical custody time. Notably, both parties waived spousal support and agreed to cover children’s expenses when in their care, splitting healthcare and extracurricular costs equally, reflecting an amicable approach to co-parenting.
Spelling and McDermott, who met on the set of “Mind Over Murder” and married in 2006, share five children: Liam, Stella, Hattie, Finn, and Beau. Their relationship was publicized through reality TV shows like “Tori & Dean: Inn Love,” but financial issues plagued their later years together, leading to their separation in June 2023 after nearly two decades of marriage.
Financial disclosures in the divorce reveal Spelling’s monthly income varies widely from $3,000 to $75,000 depending on acting and other jobs, while McDermott reported earning $3,800 per month, attributing his reduced income to the SAG/AFTRA strikes and industry changes. This income disparity and debt burden highlight the challenges they faced in maintaining their lifestyle and managing obligations.
In terms of assets, Spelling retains all intellectual property rights to “BH90210,” including residuals and royalties, while older projects like “Tori & Dean” series are shared 50/50. This division aims to provide some financial stability as they move forward separately, with McDermott receiving a 2006 Ford and other personal items as part of the settlement.
The revelation of such substantial debt underscores broader issues of celebrity finances and the impact of public divorces. Both Spelling and McDermott have committed to managing their tax debts together, but the path to financial recovery remains uncertain given their current earnings and obligations, signaling potential long-term repercussions for their financial health.
