Family So You’re Living Together? Play Video Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by TurboTaxBlogTeamKatharina ReekmansLauren ThomasDaniel Thrall Featuring TurboTaxBlogTeam, Katharina Reekmans, Lauren Thomas, Daniel Thrall Modified Apr 29, 2022 Moving in together is an exciting time in a relationship – it’s a huge step that is often veiled with rose-colored glasses. But when you live together or, even more so, get married, you are now hitching your wagon to another person’s money choices, habits and lifestyle. For instance – even if you keep your finances completely separate, there are nine states (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin) where your partner’s debt becomes your debt if you’re married in those states. What are the big money questions you and your partner talked about when you started living together? Did you disclose your debt? Did you create a shared budget? How do you split your rent and utilities? These are all the big questions that many people don’t want to ask or tackle. But the repercussions of not being on the same money page could be great. Our Friends with Tax Benefits have been through it, and they’re sharing with you advice they followed, observations they’ve made and what their big red flags are when it comes to life partners. If you have a tax question for our resident tax expert, Kat, submit your question in the comments, and it could be answered in a future Friends with Tax Benefits episode! Follow the Friends with Tax Benefits podcast on Spotify or Apple Podcasts. New episodes drop every Thursday. The views, information or opinions expressed during the Friends with Tax Benefits podcast series are solely those of the individuals involved and do not represent those of Intuit, TurboTax or any of its brands. The primary purpose of this podcast series is to educate and inform. This podcast series does not constitute financial, legal or other professional advice or services. Written by TurboTaxBlogTeam More from TurboTaxBlogTeam Browse Related Articles 2022-03-22 Tax Deductions and Credits How Changes in Your Life Can Save You Money Tax Planning Did You Miss the Tax Deadline? 3 Steps You Can Take Nex… Tax Tips Divorce & Taxes 101: Filing Taxes After a Divorce Are State Tax Refunds Taxable? Self-Employed So You’ve Got a Side Hustle? Tax Deductions and Credits Can You Deduct 401K Savings From Your Taxes? 2022-03-24 Comments are closed.