A lot goes into planning a wedding. The stress a bride faces
comes from a variety of sources: what dress color will please all of the
bridesmaids, which photographer is the perfect fit, where will Cousin Eddy sit,
which store is the best for the registry, and so on. With all the details
needing attention, few brides worry about the legalities before a marriage. And
while the honeymoon may not be over, there’s a lot of paperwork to fill out and
file in order to remain “happily ever after”.
Liberty Tax wants to remind blushing brides of a few things
they need to do in order to establish their new status.
- First off, your name must match your Social Security
number on your tax return. So you need to record your name change with the
Social Security Administration (SSA) by filing Form SS-5 (Application for
Social Security Card). For more information, visit their website at ssa.gov.
- Next, let you employer know if you’ve had a name
or address change. Typically, W-2s are mailed at the end of the year. Keep your
Human Resources department updated on your personal information. This holds
true if you receive direct deposits and are changing your bank or opening new
- Lastly, if you are changing your address, submit
your updated information to the Internal Revenue Service (IRS) by filing Form 8822 (Change of
Address). You can also find this form on their website.
Other tips you might want to consider:
- If you are married as of December 31, that is
what the IRS considers your status for the whole year – married.
- If both you and your spouse work, check your
withholdings on your W-4 – when you and hubby combine incomes you might be in a
higher tax bracket. Adjust your W-4 so you don’t owe at the end of the year.
- If you couldn’t itemize before marriage, you may
be able to now. You may save money by itemizing where you can.
- If you file jointly, it may be more beneficial
but not always. You’ll want to figure out which filing status results in the
lowest tax owed.
Don’t let all this information bog your brain down. Visit your
Liberty Tax next tax season and everything will be covered. Besides, if you
think all this paperwork is tough, try writing that thank you card to Cousin
Eddy for his gift that was not listed
on the registry.