Are you planning to tie the knot this summer? If you already did, then my warmest congratulations to both of you! To make sure that there are no surprises come tax time, I will share with you three summer tax tips that you can do right now.
Hello, this is Noel Dalmacio, your ultimate CPA at LowerMyTaxNow.
So here are the three summer tax tips:
- Report any name change to the Social Security Administration before filing your next year’s tax return. It would cause delayed refund if you changed your name without informing the Social Security office.
- Report any address change to the United States Postal Service, your employers and the IRS to ensure your receive tax-related items.
- Finally, use the withholding calculator by going to https://www.irs.gov/individuals/irs-withholding-calculator to make sure you adjust your withholding appropriately. This is important for families with more than one wage earner, for taxpayers who have more than one job at a time, or for those with children.
So those are the three summer tax tips that you can do right now if you just got married to avoid any tax issues during tax time. Congratulations!
Until then, this is Noel Dalmacio, your ultimate CPA at lowermytaxnow.com.