Tax Tips for Recently Married Taxpayers from Birmingham Alabama's most reliable Income Tax Preparation Service

If you’ve recently updated your status from single to married, you’re not alone – late spring and summertime is a popular period for weddings. Marriage also brings about some changes with your taxes. Here are several tips for newlyweds from MOORE'S SERVICES.

Notify the Social Security Administration:

It’s important that your name and Social Security number match on your next tax return, so if you’ve taken on a new name, report the change to the Social Security Administration. File Form SS-5, Application for a Social Security Card.

Notify the IRS if you move:

IRS Form 8822, Change of Address, is the official way to update the IRS of your address change. 

Notify the U.S. Postal Service:

To ensure your mail – including mail from the IRS – is forwarded to your new address, you’ll need to notify the U.S. Postal Service. 

Notify your employer:                                                                                                      Report your name and/or address change to your employer(s) to make sure you receive your Form W-2, Wage and Tax Statement, after the end of the year.

Check your withholding:

If you both work, keep in mind that you and your spouse’s combined income may move you into a higher tax bracket. 

Choose the best filing status:

A person’s marital status on Dec. 31 determines whether the person is considered married for that year for tax purposes. Tax law generally allows married couples to choose to file their federal income tax return either jointly or separately in any given year. Figuring the tax both ways can determine which filing status will result in the lowest tax, but filing jointly is usually more beneficial.

Bottom line: planning for your wedding may be over, but don’t forget about planning for the tax-related changes that marriage brings.

MOORE'S SERVICES, LLC 
2160 Green Springs Hwy S. Suite E. 
Birmingham, AL 35205
www.mooresservicesonline.com

Phone: (205) 324-8753
Email: mooresservices1@gmail.com