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10 Tax Tips for Married Couples

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4 Year-End Money Tips to Lower Your Tax Bill in 2020

4 Year-End Money Tips to Lower Your Tax Bill in 2020

Many Americans don't think about their tax bills until the new year. But there are things you need to do before Dec. 31 if you want to pay less later.


Author's Note: 10 Tax Tips for Married Couples

As I write this, I've just been through a divorce. Writing about the tax advantages married couples enjoy isn't quite as bad as pouring salt into a wound, and it certainly isn't a good enough reason to stay in a bad marriage, but it has been eye-opening. With this year my first to file as a single person in 27 years, I've been paying attention to these tips. Now, if I can only figure out a way around some of them!

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Sources

  • Bell, Kay. "How Marriage Impacts Your Taxes." Bankrate.com. (Oct. 27, 2014) http://www.bankrate.com/finance/money-guides/how-marriage-impacts-your-taxes-1.aspx
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  • Internal Revenue Service (IRS). "Frequently Asked Questions on Estate Taxes." Sept. 18, 2014. (Oct. 27, 2014) http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Frequently-Asked-Questions-on-Estate-Taxes
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