For tax purposes, what changes do I need to make when I get married?

For tax purposes, what changes do I need to make when I get married?

  • August 7, 2018
  • David Greene
  • Comments Off on For tax purposes, what changes do I need to make when I get married?

For many, getting married creates many new beginnings and opportunities. At the same time it can also be a catalyst that can create many changes in a couple’s life. Some of these changes may and will affect how you look at your tax planning and filing of returns. In the year you get married, it is important to first, report any name change to the Social Security Administration before filing next year’s tax return. Then, report any address change to the United States Postal Service and any employers to ensure you receive your year-end tax documents. Finally, you need to consider how you and your new spouse will file your return. Whether you decide to file jointly or separate from your spouse, there will most likely be adjustments you may need to make with your tax withholdings. This is especially important for families with more than one wage earner, for taxpayers who have more than one job at a time, or for those who have children. For best results, do it as soon as possible.

 

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