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Tax question
sandj100304 Posted: Oct 21, 2004 01:26 PM+
sandj100304 MEMBER SINCE: 7/03 TOTAL POSTS : 2631 WEDDING DATE: Oct 03, 2004
Posted: Oct 21, 2004 01:26 PM bride-minus.png

Tax question

Do I need to change my withholdings right away to being married or can I wait until 2005? Do we need to file jointly this year? I have no clue how this works!

TIA
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ChristineC68 Posted: Oct 21, 2004 01:33 PM+
ChristineC68 MEMBER SINCE: 5/01 TOTAL POSTS : 12170 WEDDING DATE: Sep 21, 2002
Posted: Oct 21, 2004 01:33 PM bride-minus.png

Re: Tax question

You must file jointly or married, but filing seperately. Your tax preparer will probably run your numbers both ways to see which is to your advantage.

You can change your withholdings any time you like but the married rate reduces your tax withholdings so you may end up paying more at tax time. Again, it's something your tax preparer can advise you on.
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