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home › Life Events & Financial Decisions › Major Life Events › Moving in With a Partner › Taxes

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Taxes and Unmarried Couples

 
  • Know the income tax laws regarding unmarried couples, who the IRS generally treats as two single taxpayers. Therefore, unmarried partners are ineligible to file a joint tax return.
  • The IRS closely scrutinizes improper exemptions claimed for unmarried partners. Seek advice from a professional tax advisor.
  • Be aware of the gift tax implications of retitling individual assets with a partner. While spouses can transfer assets to each other free of tax, unmarried partners, like all single individuals, can generally make gifts to another person only up to the annual gift tax exclusion amount ($13,000 in 2009) without incurring federal gift tax.
 
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