TRUTH 1Marriage and taxes
You’ve tied the knot, but when it comes to taxes, you definitely don’t want to encounter any knotty problems.
Not to worry. True, there definitely are some specific tax considerations for married filers. And some taxpayers might find they are paying slightly bigger tax bills. But marriage also offers many tax advantages.
Filing status—Your wedding date is as important to the IRS as it is to you. For filing purposes, you are married for the full tax year as long as you exchange vows by December 31.
After you’re married, you can send in your returns jointly or as married filing separately. Most couples prefer the joint option, but depending upon your particular financial and tax circumstances, separate filings could be ...
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