{"id":21537,"date":"2023-10-26T14:53:41","date_gmt":"2023-10-26T19:53:41","guid":{"rendered":"https:\/\/blog.eztaxreturn.com\/?p=21537"},"modified":"2023-11-28T17:31:43","modified_gmt":"2023-11-28T22:31:43","slug":"tax-advice-for-newly-married-couples","status":"publish","type":"post","link":"https:\/\/staging.eztaxreturn.com\/blog\/tax-advice-for-newly-married-couples\/","title":{"rendered":"Tax Advice for Newly Married Couples"},"content":{"rendered":"\n

Going from a single person to married couple changes your life dramatically.  It affects your living situation, finances and even your taxes.  If you were married by December 31st<\/sup>, for tax purposes, you\u2019re considered married for the entire year.  Here’s what newly married couples need to know about their taxes.<\/p>\n\n\n\n

<\/div>\n\n\n\n

Report a change of address if you’ve recently moved<\/strong><\/h2>\n\n\n\n

Sometimes moving in together requires getting a bigger place.  When that happens, don\u2019t forget to inform your employer of your new address.  At the end of the year when it\u2019s time to send out those W-2\u2019s, you want to make sure yours goes to the right address.  It\u2019s also a good idea to update your address with the USPS so you don\u2019t miss any important bills during your move. Additionally, you may want to submit a change of address with the IRS using Form 8822<\/a>.<\/p>\n\n\n\n

<\/div>\n\n\n\n

Update your name with the Social Security Administration<\/strong><\/h2>\n\n\n\n

Once you decide to start using your married name, be sure to notify the Social Security Administration.  You need to keep them in the loop, so your new name matches the SSN they have on file for you.  If you try to use your married name on your tax return without informing them of the change, your return will be rejected.  There\u2019s no overnight fix either.  It can take weeks to be processed which obviously slows down your refund.  To report your new name, you must complete and submit Form SS-5<\/a> to your local Social Security office.<\/p>\n\n\n\n

<\/div>\n\n\n\n

The standard deduction is higher for married couples filing together<\/strong><\/h2>\n\n\n\n

The ez-iest way to lower your tax bill is to choose the standard deduction versus itemizing.  For tax year 2023, the standard deduction for a married couple filing a joint return is $27,700.  If you prefer not to file with your spouse, the standard deduction is reduced to only $13,850.  Whether you plan to file joint or separate, ezTaxReturn makes doing your taxes fast, ez and stress-free.<\/p>\n\n\n\n

<\/div>\n\n\n\n
\n
Pre-Register Now!<\/a><\/div>\n<\/div>\n\n\n\n
<\/div>\n\n\n\n

A stay-at-home parent can save for retirement with a spousal IRA<\/strong><\/h2>\n\n\n\n

Being a stay-at-home mom or dad doesn\u2019t mean you can\u2019t save for retirement.  Normally, you aren\u2019t allowed to contribute to an IRA unless you earned income, but the rules are different for married couples.  If your spouse works and you file a joint tax return, your spouse can make IRA contributions on your behalf.  The funds belong solely to you, it\u2019s not a joint account.  The IRA contribution limit for 2023 is $6,500 ($7,500 if you\u2019re aged 50 or older). <\/p>\n\n\n\n

<\/div>\n\n\n\n

More of your profit may be tax-free when you sell your home<\/strong><\/h2>\n\n\n\n

When you sell your home, a portion of your profit may be tax-free if the place was your primary residence for two of the last five years.  The time doesn\u2019t have to be consecutive.  Married couples have the clear advantage over singles when it comes to how much profit can be excluded.  Singles can exclude up $250,000 of profit, meanwhile married couples filing a joint return can exclude up to $500,000.<\/p>\n\n\n\n

<\/div>\n\n\n\n

There are times when you\u2019re better off filing separately <\/strong><\/h2>\n\n\n\n

Most of the time it\u2019s more beneficial for married couples to file together, but there are some exceptions to the rule.  If you can\u2019t trust your partner to be completely honest on their return, don\u2019t file together.  When you file jointly, both parties are responsible for any information provided.  So, if your partner gets caught in a lie, you\u2019ll be in trouble too.  Also, if your spouse owes back taxes, is behind on child support payments or has defaulted on federal student loans, you may be better off filing separate because the IRS can seize your refund.<\/p>\n\n\n\n

<\/div>\n\n\n\n

File your taxes fast and ez. Biggest possible refund guaranteed.<\/h2>\n\n\n\n
<\/div>\n\n\n\n
\n
Pre-Register Now!<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Going from a single person to married couple changes your life dramatically.  It affects your living situation, finances and even your taxes.  If you were married by December 31st, for tax purposes, you\u2019re considered married for the entire year.  Here’s what newly married couples need to know about their taxes. Report a change of address […]<\/p>\n","protected":false},"author":3,"featured_media":32017,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[15],"tags":[],"class_list":["post-21537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-tips-and-planning"],"yoast_head":"\nTax Advice for Newly Married Couples<\/title>\n<meta name=\"description\" content=\"If you say "I Do" by December 31st, you can file a joint return with your spouse next year. Here's more tax advice for newly married couples.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/staging.eztaxreturn.com\/blog\/tax-advice-for-newly-married-couples\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Advice for Newly Married Couples\" \/>\n<meta property=\"og:description\" content=\"If you say "I Do" by December 31st, you can file a joint return with your spouse next year. Here's more tax advice for newly married couples.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/staging.eztaxreturn.com\/blog\/tax-advice-for-newly-married-couples\/\" \/>\n<meta property=\"og:site_name\" content=\"ezTaxReturn.com Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ezTaxReturn\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-26T19:53:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-28T22:31:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/02\/Image20230215185214.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"ezTaxReturn Expert Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ezTaxReturn\" \/>\n<meta name=\"twitter:site\" content=\"@ezTaxReturn\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ezTaxReturn Expert Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/tax-advice-for-newly-married-couples\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/tax-advice-for-newly-married-couples\/\"},\"author\":{\"name\":\"ezTaxReturn Expert Staff\",\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/#\/schema\/person\/53293fc1f8f3940b232359e95b10360b\"},\"headline\":\"Tax Advice for Newly Married Couples\",\"datePublished\":\"2023-10-26T19:53:41+00:00\",\"dateModified\":\"2023-11-28T22:31:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/tax-advice-for-newly-married-couples\/\"},\"wordCount\":662,\"publisher\":{\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/#organization\"},\"articleSection\":[\"Tax Tips & Planning\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/tax-advice-for-newly-married-couples\/\",\"url\":\"https:\/\/staging.eztaxreturn.com\/blog\/tax-advice-for-newly-married-couples\/\",\"name\":\"Tax Advice for Newly Married Couples\",\"isPartOf\":{\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/#website\"},\"datePublished\":\"2023-10-26T19:53:41+00:00\",\"dateModified\":\"2023-11-28T22:31:43+00:00\",\"description\":\"If you say \\\"I Do\\\" by December 31st, you can file a joint return with your spouse next year. Here's more tax advice for newly married couples.\",\"breadcrumb\":{\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/tax-advice-for-newly-married-couples\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/staging.eztaxreturn.com\/blog\/tax-advice-for-newly-married-couples\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/tax-advice-for-newly-married-couples\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/staging.eztaxreturn.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tax Advice for Newly Married Couples\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/#website\",\"url\":\"https:\/\/staging.eztaxreturn.com\/blog\/\",\"name\":\"ezTaxReturn.com Blog\",\"description\":\"File your taxes online\",\"publisher\":{\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/#organization\"},\"alternateName\":\"ezTaxReturn Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/staging.eztaxreturn.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/#organization\",\"name\":\"ezTaxReturn.com\",\"alternateName\":\"ezTaxReturn\",\"url\":\"https:\/\/staging.eztaxreturn.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/02\/ezTaxReturnBloglogoSQ.jpg\",\"contentUrl\":\"https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/02\/ezTaxReturnBloglogoSQ.jpg\",\"width\":696,\"height\":696,\"caption\":\"ezTaxReturn.com\"},\"image\":{\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ezTaxReturn\/\",\"https:\/\/twitter.com\/ezTaxReturn\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/#\/schema\/person\/53293fc1f8f3940b232359e95b10360b\",\"name\":\"ezTaxReturn Expert Staff\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/758e24e4e8a2dbdded8b37f0a112c6803d2565a6a732b9ec81920baf86a61d49?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/758e24e4e8a2dbdded8b37f0a112c6803d2565a6a732b9ec81920baf86a61d49?s=96&d=mm&r=g\",\"caption\":\"ezTaxReturn Expert Staff\"},\"url\":\"https:\/\/staging.eztaxreturn.com\/blog\/author\/brittany-harrison\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Tax Advice for Newly Married Couples","description":"If you say \"I Do\" by December 31st, you can file a joint return with your spouse next year. Here's more tax advice for newly married couples.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/staging.eztaxreturn.com\/blog\/tax-advice-for-newly-married-couples\/","og_locale":"en_US","og_type":"article","og_title":"Tax Advice for Newly Married Couples","og_description":"If you say \"I Do\" by December 31st, you can file a joint return with your spouse next year. Here's more tax advice for newly married couples.","og_url":"https:\/\/staging.eztaxreturn.com\/blog\/tax-advice-for-newly-married-couples\/","og_site_name":"ezTaxReturn.com Blog","article_publisher":"https:\/\/www.facebook.com\/ezTaxReturn\/","article_published_time":"2023-10-26T19:53:41+00:00","article_modified_time":"2023-11-28T22:31:43+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/02\/Image20230215185214.jpg","type":"image\/jpeg"}],"author":"ezTaxReturn Expert Staff","twitter_card":"summary_large_image","twitter_creator":"@ezTaxReturn","twitter_site":"@ezTaxReturn","twitter_misc":{"Written by":"ezTaxReturn Expert Staff","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/staging.eztaxreturn.com\/blog\/tax-advice-for-newly-married-couples\/#article","isPartOf":{"@id":"https:\/\/staging.eztaxreturn.com\/blog\/tax-advice-for-newly-married-couples\/"},"author":{"name":"ezTaxReturn Expert Staff","@id":"https:\/\/staging.eztaxreturn.com\/blog\/#\/schema\/person\/53293fc1f8f3940b232359e95b10360b"},"headline":"Tax Advice for Newly Married Couples","datePublished":"2023-10-26T19:53:41+00:00","dateModified":"2023-11-28T22:31:43+00:00","mainEntityOfPage":{"@id":"https:\/\/staging.eztaxreturn.com\/blog\/tax-advice-for-newly-married-couples\/"},"wordCount":662,"publisher":{"@id":"https:\/\/staging.eztaxreturn.com\/blog\/#organization"},"articleSection":["Tax Tips & Planning"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/staging.eztaxreturn.com\/blog\/tax-advice-for-newly-married-couples\/","url":"https:\/\/staging.eztaxreturn.com\/blog\/tax-advice-for-newly-married-couples\/","name":"Tax Advice for Newly Married Couples","isPartOf":{"@id":"https:\/\/staging.eztaxreturn.com\/blog\/#website"},"datePublished":"2023-10-26T19:53:41+00:00","dateModified":"2023-11-28T22:31:43+00:00","description":"If you say \"I Do\" by December 31st, you can file a joint return with your spouse next year. Here's more tax advice for newly married couples.","breadcrumb":{"@id":"https:\/\/staging.eztaxreturn.com\/blog\/tax-advice-for-newly-married-couples\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/staging.eztaxreturn.com\/blog\/tax-advice-for-newly-married-couples\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/staging.eztaxreturn.com\/blog\/tax-advice-for-newly-married-couples\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/staging.eztaxreturn.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Tax Advice for Newly Married Couples"}]},{"@type":"WebSite","@id":"https:\/\/staging.eztaxreturn.com\/blog\/#website","url":"https:\/\/staging.eztaxreturn.com\/blog\/","name":"ezTaxReturn.com Blog","description":"File your taxes online","publisher":{"@id":"https:\/\/staging.eztaxreturn.com\/blog\/#organization"},"alternateName":"ezTaxReturn Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/staging.eztaxreturn.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/staging.eztaxreturn.com\/blog\/#organization","name":"ezTaxReturn.com","alternateName":"ezTaxReturn","url":"https:\/\/staging.eztaxreturn.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/staging.eztaxreturn.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/02\/ezTaxReturnBloglogoSQ.jpg","contentUrl":"https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/02\/ezTaxReturnBloglogoSQ.jpg","width":696,"height":696,"caption":"ezTaxReturn.com"},"image":{"@id":"https:\/\/staging.eztaxreturn.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ezTaxReturn\/","https:\/\/twitter.com\/ezTaxReturn"]},{"@type":"Person","@id":"https:\/\/staging.eztaxreturn.com\/blog\/#\/schema\/person\/53293fc1f8f3940b232359e95b10360b","name":"ezTaxReturn Expert Staff","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/staging.eztaxreturn.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/758e24e4e8a2dbdded8b37f0a112c6803d2565a6a732b9ec81920baf86a61d49?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/758e24e4e8a2dbdded8b37f0a112c6803d2565a6a732b9ec81920baf86a61d49?s=96&d=mm&r=g","caption":"ezTaxReturn Expert Staff"},"url":"https:\/\/staging.eztaxreturn.com\/blog\/author\/brittany-harrison\/"}]}},"_links":{"self":[{"href":"https:\/\/staging.eztaxreturn.com\/blog\/wp-json\/wp\/v2\/posts\/21537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.eztaxreturn.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.eztaxreturn.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.eztaxreturn.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.eztaxreturn.com\/blog\/wp-json\/wp\/v2\/comments?post=21537"}],"version-history":[{"count":0,"href":"https:\/\/staging.eztaxreturn.com\/blog\/wp-json\/wp\/v2\/posts\/21537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.eztaxreturn.com\/blog\/wp-json\/wp\/v2\/media\/32017"}],"wp:attachment":[{"href":"https:\/\/staging.eztaxreturn.com\/blog\/wp-json\/wp\/v2\/media?parent=21537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.eztaxreturn.com\/blog\/wp-json\/wp\/v2\/categories?post=21537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.eztaxreturn.com\/blog\/wp-json\/wp\/v2\/tags?post=21537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}