Home Register Account Shop Site Map View Cart Search About Us Contact Us Privacy Statement

Wedding & Taxes
Affordable Wedding Favors

Bachlorette Parties

Bachelor Party Ideas

Bridal Shower Ideas

Candle Wedding Favors

Honeymoon Locations

Relationships

Wedding Anniversary

Wedding Beauty

Wedding Ceremony

Wedding Fashion

Wedding Favors Etiquette

Wedding Food & Drink

Wedding Gifts

Wedding Photography

Wedding Planning Guides
  Country Wedding
  Fall Weddings
  Groomsmen and Ushers
  Holiday Wedding Advice
  Holiday Wedding Items
  Making Wedding Flowers
  Making Wedding Invitations
  Popular Invitation Paper Types
  Pros for a Destination Wedding
  Rehearsal Dinner Fashion
  Rehearsal Dinner Ideas
  Rehearsal Dinner Ideas II
  Small Wedding
  Thank You Ideas
  Wedding Announcements
  Wedding Ceremony
  Wedding Chapel
  Wedding Consultant
  Wedding Decorating
  Wedding Decoration
  Wedding Flower
  Wedding Flower Guide
  Wedding Flower - Right for You
  Wedding Gifts
  Wedding Guests
  Wedding Invitation Guides
  Wedding Invitations
  Wedding Invitations Timeline
  Wedding Invitation Tips
  Wedding & Legal Advice
  Wedding Limousines
  Wedding Music Planning
  Wedding Music Selections
  Wedding Planning
  Wedding - Other Planning Tips
  Wedding Planner
  Wedding Poems
  Wedding - Rehearsal Dinner
  Wedding Rehearsal Planning
  Wedding Speech
  Wedding & Taxes
  Weddings - Time Saving
 Winter Wedding Planning
  Your Own Wedding Music
Wedding Reception Tips

Weddings and Money



Wedding favors, candle wedding favors, 
personalized wedding favors, wedding, 
favor, affordable wedding favors, 
reception favors, bridal shower favor.

Wedding favors, candle wedding favors, 
personalized wedding favors, wedding, 
favor, affordable wedding favors, 
reception favors, bridal shower favor.
For months, you have planned your wedding, working diligently. All of your thank you notes are written, your name is changed, and your settling into married life. Now that you are hitched, though, there are quite a few changes besides your name that you have to worry about. One of the most important things you will have to deal with is filing your taxes.

First things first, you and your new husband should sit down and discuss how you the two of you should file your taxes. You should both take into consideration the income of each member of the couple and try to figure out what may benefit you most. If you are not sure what may or may not benefit you when doing your taxes, you may want to contact an accountant or a tax advisor who could help you with all of the complications involved in doing your taxes. The accountant or tax advisor will not only advise you of the best situation for filing, he/she will also advise you on deciding which investments should be held in each partners name.

You may also want to invest in a tax program like Turbo Tax that can also help you figure out which method of filing can be the least costly for you.

The most important thing you must be aware of when filing your taxes as a couple is the marriage penalty. This part of the tax laws means most married couples pay more taxes than two single people with the same total income. When both individuals in the couple make around the same amount, the penalty is greater b/c the standard deduction is lower than it would be if they were single. (The standard deduction for a single individual is $4000, while it is $6700 for a married couple filing jointly.) There is really no way to get around this marriage penalty. Even if someone files as a married person filing separately, the government only allows you the deduction that is equal to half of the $6700.00, not the $4000.00, so it still penalizes someone for being married.

The best way to figure out what will benefit you the most when filing your taxes is to use Turbo Tax or a program like it that will allow you to file your taxes every which way to figure out which one will provide the highest return. For instance, you may have several forms of asset debt which you can claim interest, like a mortgage payment or student loan interest. In this case, you may want to itemize.

If you are doing the tax return for the year you got married, it makes sense to ask an accountant about changes you may have to make to your financial profile that come with a marriage. Most importantly, though, verify that the tax withholding in your paycheck is correct and that you are not surprised with a huge tax bill at the end of the year.

Preparing for your wedding took much energy and planning, and so will doing your married taxes. Be sure to take the same strides in planning and preparing your first tax return as a married couple, by preparing and planning, it could wind up somewhat profitable just by using all of the resources available.

Home Register Account Shop Site Map Search About Us Contact Us Privacy Statement
1-888-290-6778 Toll Free 9:30 AM TO 5:00 PM (Mon - Fri)
Copyright 2003 Wedding Favors. All rights reserved.