Seven Tax Tips for Recently Married Taxpayers
The Internal Revenue Service has advice for soon-to-be-married and just-married individuals are rarely focusing on taxes after the wedding. First, it is important to notify any name change to the Social Security Administration so that when filing your next tax return the information will be correct. It is also important to report to the IRS if you have a new address by filling out Form 8822, Change of Address. Make sure to change your address with the United State Postal Service and report your name and address changes to your employer. Check the IRS Withholding Calculator to determine if you and your spouse will be placed in a higher income bracket. Be sure to select the correct tax form and choose the filing status that is best for you and your spouse to help save money.
For more information, please contact Wood, Atter & Wolf, P.A., in Jacksonville and Ponte Vedra Beach, Florida.
