in a family husband is working and wife is a house wife. in that case which filing status is good to save money (married filing jointly or married filing singe)?
2006-12-06 06:53:58 · 4 answers · asked by sendme e 1 in Business & Finance ➔ Taxes ➔ United States
Married filing jointly wins over married filing separately almost all the time, especially if you have minor children. Any reasonable computer program can compute the savings in the blink of an eye. in short, do your taxes together and see what the results would be. If you are going to use Turbotax or similar, please make sure you put everything in before comparing. Yes, I know its a chore, but I make good money correcting mistakes just like that!
2006-12-06 06:58:33 · answer #1 · answered by skip 6 · 2⤊ 0⤋
The choices are Married filing Jointly and Married filing Separately. In most cases, filing jointly results in the least taxes. The rare cases in which filing separately is better nearly always involve dual incomes.
2006-12-06 19:59:35 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
married filing jointly even though only one member had income. Always has been best road to travel
2006-12-06 15:02:37 · answer #3 · answered by roy40372 6 · 1⤊ 0⤋
It would depend on how much is made. You should shave your tax preparer try it both ways to see which one you get more back then go with that one. Check out my website below
2006-12-06 18:22:06 · answer #4 · answered by shaydzofluv 2 · 0⤊ 0⤋