The Financially Free Blog
6 Things to Have Ready For Tax Time
Tax time! That tedious time of year that inspires the champion procrastinator in so many of us, for so many reasons. For some of us, we dread the bill. (That cash looked so much better sitting in our savings account!) For others, we may have been a little disorganized and we’re afraid to find out how much we owe. Or, if you’re like me, getting together all that paperwork gives you agita.
We can’t make taxes disappear, but we can make things a little bit easier by helping you get prepared for the process.
How to File Your Taxes Jointly for the First Time
When you decided to say “I do”, you may not have considered the future tax implications of getting married. Marriage changes your taxes — from the credits and tax deductions you can claim, to certain tax breaks that come with filing jointly.
However, not everyone chooses to file their taxes together. Depending on your personal circumstances, you may find that filing separately serves each of you better.
Here’s a tax crash course for newlyweds who are filing together for the first time this coming tax season.