Taxes and Marriage
How Does Uncle Sam Factor In? Getting married does more than combine incomes – it also presents a new filing status when tax time rolls around. Married couples can continue to file individual returns...
View ArticleHow Do I Change My Name for Tax Purposes?
Getting the Same Name on Your Social Security Card and Tax Return After you have changed your name legally with the court, you’ll also want to contact the Social Security Administration (SSA) to...
View ArticleAre Gifts Between Spouses Taxable?
The IRS Doesn’t Limit Gifts, but Will Tax Larger Ones As long as the receiving spouse is a U.S. citizen, there is no limit to the value of “gifts” that can be exchanged between spouses under federal...
View ArticleWhat Is The Marriage Tax Penalty?
Understanding the Tax Ramifications of Getting Married Prior to 1969, married couples fared well with the tax code. In 1948, the federal government instituted an income-splitting tax code that...
View ArticleShould We File Jointly or Separately?
Tax Filing Options For Married Couples Married couples have two ways to file their federal income taxes: jointly and separately. But which is better? How do you know which filing method to choose? The...
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