eSmart Tax would like to congratulate all the couples across
the nation on your new filing status!
Filing federal and state taxes may just get easier for you. There are some important steps to remember
this upcoming tax season for couples that live in a state where same-sex
marriage has been legalized.
Some things to help
you prepare for the coming tax season:
Check your withholding If both you and your spouse work, your
combined income may place you in a higher tax bracket. Make sure you choose the right
withholding. It should be the closest to
the taxes you’ll be expected to pay based on your income.
Select the right tax form Choosing the right income tax form can help
save money. Newly married taxpayers may find that they now have enough
deductions to itemize on their tax returns.
Itemized deductions must be claimed on a Form 1040, not a 1040A or
Choose the best filing status A person’s marital status on Dec. 31
determines whether the person is considered married for that year. Generally, the tax law 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
usually filing jointly is more beneficial.
Stop by a Liberty Tax Service office near you Select your preferred
tax preparer early to avoid the busy office noise during the tax season. Your
personal tax expert can also give you more information about tax benefits for
married couples. If you find yourself
interested in taxes, you can always learn more about them through Tax School. Who knows?
This could be your year of big changes where you find yourself starting
your career as well!
Notify the IRS If you have a new address you should notify the IRS
by sending Form 8822, Change of Address.
Personal help with the changes in tax benefits and filing
tax forms is available from a tax professional in a Liberty Tax Service office
in your area. Find an
office near you.