Monetary infidelity: Secret banking, financial savings, and bank card accounts can create tax submitting issues for {couples}

CHICAGO (WLS) – Valentine’s Day is this month and here’s a quick tip for couples whose love of finance is waning.

According to creditcards.com, 44% of couples commit what is known as “financial infidelity,” which could include hiding a check, savings or credit card account.

Experts said this could become a problem if you file tax returns together.

Tips:

When filing together, make sure you read and sign the return.

Don’t ignore mail. The IRS sends each spouse a tax return to protect you – both to the same address. Open it, read it and understand it.

Don’t hide accounts

Experts said you should also have shared accounts for essentials and possibly private accounts for other expenses – but you shouldn’t hide those private accounts.

Copyright © 2021 WLS-TV. All rights reserved.