i was just wondering if you get more money back if you married or single with 2 kids
2007-01-02 15:59:47 · 6 answers · asked by jenster8325 2 in Business & Finance ➔ Taxes ➔ United States
better to be married filing joint than single.
You have 2 kids either way, right? That's what I was assuming.
2007-01-02 16:01:34 · answer #1 · answered by the Boss 7 · 0⤊ 0⤋
There's no way to answer this without more information.
In any case, as of December 31 you were either married or single, so which would give you more back doesn't really matter.
A married couple filing jointly, with only one working and one staying at home with the kids, would pay less tax than a single person with the same income. If both are working, then it depends on the two incomes and a few other factors.
2007-01-03 01:13:56 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
Married is better unless the couple is making more than 125K a year, then you get hit with the Alternative Minimum Tax which causes you to pay more.
2007-01-03 02:22:50 · answer #3 · answered by Steve R 6 · 0⤊ 0⤋
It all depends on the amount of income from you and your spouse jointly and the age of the children. If you and your spouse had a combined income for the year of more than $11,000 but less than $14,000, had two children under 17 y/o and if under 13 they were in daycare (as long as both spouses are working and/or attending classes) you would make out the best. Consider this....your exemptions (gifts per person on the return from the IRS) = 3,300 x 4----------MFJ standard deduction = 10,300-------------the maximum EIC = 4,600------------------and then child tax credit of $1,000 per child -----plus what was withheld from your W2 in Federal tax.
2007-01-03 00:36:40 · answer #4 · answered by Meg 2 · 1⤊ 0⤋
single with 2 kids....
2007-01-03 00:02:26 · answer #5 · answered by LIZ 1 · 0⤊ 2⤋
itemize everything thing that you can. Be sure to claim yourself.
2007-01-03 00:01:59 · answer #6 · answered by karen v 6 · 0⤊ 1⤋