Tax Tips for Newlyweds

Although tax season just ended, it’s not too early for newlyweds — or soon-to-be-married couples — to begin planning for next year’s taxes. The following tips will make it easier to file income taxes as a married couple for the first time:

1)       If changing your name, update your Social Security card, driver’s license and tax forms

2)      Adjust your tax withholding on Form W-4 to reflect your marital status.  Submit to your employer’s human resources department.

3)      Ask your tax professional which filing status (individual or joint) is better considering your marital status.

These simple tips may make it easier when the taxman comes calling next year.