Re: Official date of wedding for tax purposes

From: Allan Spring <pecanpi@primenet.com>
Subject: Re: Official date of wedding for tax purposes
Date: Wed, 24 Jun 1998 19:37:33 -0700

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> "James C. Parinella" <parinell@tiac.net> wrote:
> Subject: Official date of wedding for tax purposes
>
> A friend of mine is getting married next January 2, and makes about
> twice as much as his fiancee, and is therefore concerned about the
> marriage penalty for income taxes.  He is worried that since Jan 2
> is a Saturday and Jan 1 is a holiday, that the marriage license
> must be signed before the wedding on Dec 31, and therefore they
> would be "legally" married in tax year 1998.  What is the official
> legal date of a marriage in Massachusetts?  How will this affect
> their income taxes?
>
> Jim Parinella

Jim,I think your friend may want to consider getting married a few days
EARLIER.  With a big difference in the income of spouses there is often
times a little spoken of negative marriage penalty.  I suggest running
the numbers of the two incomes through an income tax program as married
and again as single to see if this is the case.  You never know until
you crunch the numbers.
Does anyone else out there in persfin-land think he should consider
eloping secretly a few days early?  Romantic and possibly economical.
Allan Spring
pecanpi@primenet.com

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