It’s important to understand that tax changes come with each of life’s milestones. Major events such as getting married, navigating a divorce, welcoming a child into your family, or losing a spouse can significantly impact your 2025 tax return. Your marital status on December 31, 2025, determines your filing status, so even a late-year change can make a big difference. For example, newlyweds might benefit from a bigger standard deduction or more favorable tax brackets. On the other hand, a divorce could alter the amount of credits and deductions you previously qualified for. A new child can unlock benefits like the Child Tax Credit, while losing a spouse may allow you to use the “Qualifying Surviving Spouse” status for a couple of years.
Understanding these changes early can help you avoid surprises at tax time. Updating your W-4 to adjust paycheck withholdings or making estimated payments can help you stay on track. Beyond taxes, these events are a good time to double-check your retirement account beneficiaries, update your will, and consider how your financial plan might need a refresh.
Remember, you will need the following documents when filing your 2025 tax return:
- Marriage: Marriage certificate, name change documents from the Social Security Administration, and copies of your spouse’s previous tax returns
- Divorce: Divorce decree and any related settlement agreements
- Birth or Adoption of a Child: Your child’s Social Security Number, adoption papers, and related expense receipts, if applicable
- Death of a Spouse: Death Certificate and documentation related to inherited assets or survivor benefits.
Life changes can be overwhelming, and the last thing you need is extra stress at tax time. Keeping these documents organized ahead of time makes tax filing easier and ensures you claim every deduction or credit you’re eligible for.