What you should do
Each year you should prepare your taxes jointly and separately to see which option gives you the lower tax liability. Your standard deduction doubles as a married couple, so although it might have made sense to itemize your deductions in the past, that might not be the best move with the higher standard deduction.
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2 thoughts on “9 Events When Your Taxes Drastically Change”
Just a quick question if a person has not worked for a year and she has no medical insurance does she have to pay the fee at tax time because she does not have a job
It depends on your household income and the plan year. For 2018 plans and earlier, if insurance is unaffordable to you based on your income, you may qualify for an exemption from the fee. Other exemptions are based on low income too.