Yet, deciding how to file taxes as a couple can be tricky – as it is the first time you do anything new. The first step is figuring out how to file taxes jointly for the first time. Your options are Married Filing Jointly or Married Filing Separately. Each has pros and cons, which ...
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Acronyms Married Filing Separately Afiling statusin which a married couple files individualtax returnsinstead of a single return. When two spouses file separately, each is taxed like asingle individual. This usually results in a higher combinedtax liability, but it may be advantageous if one spouse...
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Annulment: If your marriage is annulled, you must file an amended tax return for certain years affected by the annulment. But note the statute of limitations, which is three years after you filed your original return or two years after you paid the tax, whichever is later. Death of a ...
If you suspect that your spouse may be cheating, it may be prudent to file separately, since by doing so, joint-and-several liability for unpaid taxes + interest and penalties on a joint return will be avoided.Same-Sex Marriage Is Now Legal in All 50 States On June 26, 2015, the U....
Every marriage hits a speed bump every now and then, but taxes don’t have to be one of them. If you have a relatively simple tax return and want to try filing your taxes on your own,check out RamseySmartTax. If you have a complicated tax situation or you’re not sure whether you...
So if you change it legally, change it on your taxes, too! That's another simple mistake that people often make. Here's more from H&R Block on filing after tying the knot. Single Parents This is also complicated, but there are a few key things to know. If you are single but ...
Read More:Qualifying Widow(er): How to File Taxes After the Death of a Spouse Can You Claim Your Child as a Dependent? Having one or more dependents is the crucial difference between the single filing status and that of head of household or qualifying widow(er). This can get tri...
Marriage date/location. Place of residence of both spouses. Current phone numbers. Addresses and description of real property. Description of personal property (like the car model, year, etc.). Financial data for both spouses (income, expenses, taxes, and joint debts). ...