Newlyweds Tax Checklist: Simplifying Your Tax Filing

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As summer wedding season arrives, newlyweds can take steps to make their tax filing smoother. Remember that your marital status as of December 31 determines your tax options for the entire year.

Big congratulations to all the newlyweds, and here’s what you need to know:

1. Name Change Reporting:

• Notify the Social Security Administration (SSA) of any name changes.

• Ensure that the name on your tax return matches the SSA records.

• File Form SS-5 (Application for a Social Security Card) to update your information.
  

1. Address Update:

• Inform the United States Postal Service, employers, and the IRS about any address changes.

• To officially change your mailing address with the IRS, complete and submit Form 8822 (Change of Address).
  

1. Withholding Check:

• Newly married couples should provide their employers with a new Form W-4 (Employee’s Withholding Certificate) within 10 days.

• If both spouses work, consider potential changes in tax brackets or additional Medicare tax.
  

1. Filing Status Review:

• Decide whether to file federal income taxes jointly or separately.

• While joint filing is often advantageous, calculate taxes both ways to determine the best approach.

• Remember that if you’re married as of December 31, you’re considered married for the entire tax year.