Getting married triggers significant tax changes that catch many couples off guard, from a new filing status that takes effect the moment you say “I do,” to withholding gaps that can result in an unexpected tax bill in April. Beyond filing and withholding, newlyweds also need to address name and address updates, healthcare coverage decisions, HSA eligibility changes, and dependent-related credits before year-end. Tackling these adjustments proactively, rather than waiting until tax season, helps couples avoid penalties, protect their refunds, and start their financial life together on solid footing.
Tag: Filing Status
Tax Tip Tuesday – Verifying Federal and New York Refund Status
If you are anticipating a refund from either the IRS or the State of New York and you want to determine the status, you can access online tools via the agencies’ websites to obtain a status update. 1. Federal Refund Status Use the ‘Where’s My Refund? tool at IRS.gov. Required information: Social Security Number, filing… [keep reading…]