It’s tax season, and most taxpayers have until April 18, 2023, to file their 2022 federal income tax return. While there’s time to gather documents and submit your return, reviewing tax changes now can help you prepare for a smaller refund or bigger tax bill this spring. Some of the tax breaks available for the 2022 filing season have been reduced or no longer apply this year. Continue reading
Whether it’s something as simple as picking a restaurant or as complex as deciding whether to have children, marriage requires lots of mutual decision-making.
Couples who tie the knot will have another choice to add to that growing list next tax season, as they can either file joint or separate returns. This choice can affect the amount of taxes they owe or the size of their refunds.
Here’s a closer look at these two options and how to determine which filing status is best for you and your spouse.