Hello @rlmeiller,
Congratulations!!
Your filling status is determined on the last day of the year. So as of 12/31/2023 if you are married you would have the option of filing Married Filing Joint or Married Filing Separate. In the year you are married, filing single would no longer be an option. You can use our tool Tax Caster to see which filing status works best for both of you: TaxCaster
Married Filing Joint is usually the most advantageous filing status but that As a married couple you will file one tax return and report all your income, including the business income or loss, on one return if you choose to file joint. Together, you have a higher standard deductions and higher thresholds before you phase out of certain deductions. TaxCaster can help you determine the best status before you file.
You should check with financial aid to understand the impact on any filing or paperwork you are required to provide to them. When you are married they may require your report both of your incomes.
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