Daily Archives: August 4, 2017

What You Need to Know Before Saying “I Do” – Marriage and Taxes

Did you get married this year? The honeymoon may be over, but when it comes to marriage and taxes, your love affair with the IRS has only just begun.

When it comes to tax returns, the IRS considers you as a married individual for the entire year. This is regardless of the actual date you sign your marriage certificate. Even if you are married on December 31st, the IRS considers you as being married for that entire year.

The filing status choices for married couples are limited to married filing a joint return or each spouse filing a married filing separate return. …read more

Read more here:: Tax