As if the process of getting married isn’t complex and difficult enough, prospective spouses also need to take income tax considerations into account before tying the knot. That’s particularly true for those who plan to marry late this year or early next year. As this article explains, from the federal income tax standpoint, those marrying next year may come out ahead by deferring or accelerating income, depending on their circumstances. Read this article
to learn more.
Dean Holland, CPA, MSA