Did you recently get married or are you planning to get married soon? If you recently got married or are planning a wedding, the
last thing on your mind is taxes. However, there are some important
steps you can need to take to avoid stress at tax time. Here are five
tips from the IRS for newlyweds to keep in mind.
- Notify the Social Security Administration. Report any name change to the Social Security Administration, so your
name and Social Security Number will match when you file your next tax
return. Informing the SSA of a name change is quite simple. File a Form
SS-5, application for a Social Security Card, at your local SSA office.
The form is also available on SSA's website at www.socialsecurity.gov or
by calling (800) 772-1213.
- Notify the IRS. If you have a new address you should notify the IRS by sending Form 8822,
Change of Address. You may download Form 8822 from www.irs.gov or order
it by calling (800) 829-3676.
- Notify the U.S. Postal Service. You should also notify the U.S. Postal Service when you move so it can forward any correspondence.
- Notify Your Employer. Report any name and address changes to your employer(s) to make sure
you receive your W-2, Wage and Tax Statement, after the end of the year.
If you're planning to file a Joint tax return with your new spouse, you
should also notify your payroll department that you need to update your
W-4 form. Single taxpayers vs. married taxpayers are taxed differently.
- Check Your Withholding. If both you and your spouse work, your combined income may place you in
a higher tax bracket. You can use the link to the Federal Withholding
Calculator found on my website at
http://hardgeconnections.com/links.aspx to assist you in determing the
correct amount of withholding needed for your new filing status (which
will either be married filing joint or married filing separate). If you
need to make any changes to your W-4 form, request a new one from your
employer so they can withhold the correct amount from your pay.
**Please remember to share this important information with your friends.**
My name is Ktasha Nicole Hardge and I am a mom of two girls, a Tax
Professional, entrepreneur and President & CEO of Hardge
Connections, LLC. For the past 20 years, I have helped (and continue to
help) individuals and small business owners all across the U.S. to keep
more of what they make. I put tremendous care and energy into each
client relationship. In order to better educate the members of this group, I provide this comprehensive information as a FREE
No-Obligation service for all my visitors. I truly hope you find these
postings, tools, and resources helpful. I am available year-round for
all tax services and to answer your questions.
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