7 milestones in life that trigger taxes: Birth, marriage, work, homeownership and more
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You were blissfully unaware of it, but taxes became a part of your life on the day you were born.
From that beginning as a spanking-new tax break for Mom and Dad, taxes have had an important role in all your major life events, from getting a job, saying “I do,” buying and selling homes, having kids of your own and even retiring.
In some cases, the involvement of the IRS is not such a good thing.
But in many ways, the tax code can be your best friend. You just need to know how it applies to your personal circumstances so you can take advantage of it. Read on to learn more about tax breaks for life’s big events.
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