![\"\"](\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2012\/08\/MARRIAGE.jpg\" "\\"MARRIAGE\\"")
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- Notify the Social Security\u00a0Administration\u00a0<\/strong> It’s important that your name and Social Security\u00a0number match on your next tax return, so if you’ve taken on a new name,\u00a0report the change to the Social Security Administration. File Form SS-5, Application for a Social Security Card. The form is available on SSA’s\u00a0\u00a0website at www.ssa.gov<\/a>, by calling 800-772-1213, or visiting a local SSA office.<\/li>\n
- Notify the IRS if you\u00a0move\u00a0<\/strong>\u00a0IRS Form 8822, Change of Address, is the official way to update the IRS of your address change. Download Form 8822 from IRS.gov or order it by\u00a0calling 800-TAX-FORM
\n(800-829-3676).<\/li>\n- Notify the U.S. Postal\u00a0Service<\/strong>\u00a0\u00a0To ensure your mail \u2013 including mail from the IRS \u2013 is forwarded to your new address, you’ll need to notify the U.S. Postal Service. Submit a forwarding request online at www.usps.com<\/a>\u00a0or visit your local post office.<\/li>\n
- Notify your employer<\/strong>\u00a0 Report your name\u00a0and\/or address change to your employer(s) to make sure you receive your Form W-2, Wage and Tax Statement, after the end of the year.<\/li>\n
- Check your withholding<\/strong>\u00a0 If you both work, keep in mind that you and your spouse’s combined income may move you into a higher tax bracket. You can use Publication 505, Tax Withholding and\u00a0Estimated Tax, to help determine the correct amount of withholding for your marital status, and it will also help you complete a new Form W-4, Employee’s Withholding Allowance Certificate. Fill out and print Form W-4\u00a0online and give it to your employer(s) so the correct amount will be\u00a0withheld from your pay.<\/li>\n
- Select the right tax form<\/strong>\u00a0\u00a0Choose your individual income tax form wisely because it can help save you money. Newlywed taxpayers may find that they now have enough deductions to\u00a0itemize on their tax returns rather than taking the standard deduction. Itemized deductions must be claimed on a Form 1040, not a 1040A or 1040EZ.<\/li>\n
- Choose the best filing status\u00a0<\/strong> A person’s marital status on Dec. 31 determines whether the person is considered married for that year for tax purposes. Tax law generally\u00a0allows married couples to choose to file their federal income tax return either jointly or separately in any given year. Figuring the tax both ways\u00a0can determine which filing status will result in the lowest tax, but\u00a0filing jointly is usually more beneficial.<\/li>\n<\/ul>\n
Bottom line: planning for your wedding may be over, but don’t forget about planning for the tax-related changes that marriage brings. More information about changing your name, address and income tax withholding is available on IRS.gov. IRS forms and publications can be obtained from IRS.gov or by calling 800-TAX-FORM (800-829-3676).<\/p>\n","protected":false},"excerpt":{"rendered":"
If you’ve recently updated your status from single to married, you’re not alone \u2013 late spring and summertime is a popular period for weddings. Marriage also brings about some changes with your taxes. Here are several tips for newlyweds from … Continue reading
- Notify the IRS if you\u00a0move\u00a0<\/strong>\u00a0IRS Form 8822, Change of Address, is the official way to update the IRS of your address change. Download Form 8822 from IRS.gov or order it by\u00a0calling 800-TAX-FORM