Top 5 Things You Should Know About Taxes

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No. 1: Spouse liability and split refunds

Wedding RingsPublic Domain Image: Public Domain

If your significant other has any tax liabilities at the time of your wedding, marrying him or her will not transfer those liabilities unto you, whether it’s overdue taxes, student loans, or child support. However, you might have issues claiming your refund if you file your taxes jointly, but there’s a way to get out of this: simply ask the IRS for a refund split, where each of the two spouses receives their due refunds separately.

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