someone told me that her and her husband received income taxes for being newlyweds. anyone else ever heard of getting money from taxes in your first year of marriage? (said it is given to you for things like a down payment on your house or a car)
2006-11-15 07:36:23 · 3 answers · asked by l_horton4nightfall 2 in Business & Finance ➔ Taxes ➔ United States
If you both work, your collective federal tax burden (liability) tends to go up when you become married. If only one works, it definitely tends do drop. However, if you are asking whether expenses from the marriage are deductible and therefore lower your taxes, the answer is "no". If you are asking if the wedding itself triggered the IRS to send a check or give a tax break, the answer is "no".
2006-11-16 15:13:03 · answer #1 · answered by TaxMan 5 · 0⤊ 2⤋
In some cases the first year of marriage can result in a larger refund as the individuals had been withholding as single all year and will now be allowed a larger standard deduction. But you may be on to something. Call Ted Kennedy and tell him to introduce a bill to provide a bonus for "marriage". Have a women make the call in the afternoon just after he drinks his lunch.
2006-11-15 16:38:58 · answer #2 · answered by ? 6 · 1⤊ 0⤋
If you file your income taxes together instead of "married filing separately" than you get a larger deductible. That can count towards a refund if your deductible is larger than your taxable income, but no, the government does not give you money just because you are married.
2006-11-15 15:40:36 · answer #3 · answered by punchy333 6 · 2⤊ 0⤋