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How getting married affects your taxes — for better or for worse

Source: marketwatch.com - Nov 8, 2016

When you get married, your tax situation changes. Here are the most important things to know.

Married at year-end means married for the whole year

Your marital status as of Dec. 31 determines your tax filing options for the entire year. If you’re married at year-end, you only have two choices: (1) filing jointly with your new spouse or (2) using married filing separate status for a separate return based on your income and your deductions and credits.

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Category: General Business