Tax Tips for Newly Married Couples: What to Do After Saying ‘I Do’

Newly Married? Here are some tips:

Report a name change

Report any name changes to the Social Security Administration. The name on a person’s tax return must match what’s on file at the SSA. Otherwise, it could delay any tax refund. Taxpayers should file Form SS-5, Application for a Social Security Card with their updated information. It’s available on SSA.gov, by phone at 800-772-1213, or at a local SSA office.

Update address

Notify their local post office, employers and the IRS of any address change. To officially change their mailing address with the IRS, taxpayers must compete and submit Form 8822, Change of Address if a recent income tax return with their current address has not been filed. See page 2 of the form for detailed instructions. Remember that if the IRS does not have your current address, notices (including some with real deadlines) may be sent to an old address.

Check withholding

Newly married couples must give their employers a new Form W-4, Employee’s Withholding Certificate, within 10 days. If both spouses work, this could move them into a higher tax bracket, be affected by the additional Medicare tax, have different tax credits, and other impacts. The Tax Withholding Estimator on IRS.gov can be used to check withholding and provide tips for completing a new Form W-4. Their income tax preparer may also be able to assist with estimating both proper withholding and estimated income tax payments.

Review filing status

Married people can choose to file their federal income taxes jointly or separately. While filing jointly is usually more beneficial, it’s best to figure the tax both ways to find out which makes the most sense. Remember that generally a joint tax filing makes both spouses jointly and severally liable for the income tax due.

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