I only worked part time from july to dec and earned about $5800.00. Does my husband have to claim my income when we file?? I thought it would be okay.
2007-01-11 14:40:20 · 7 answers · asked by jenner76 2 in Business & Finance ➔ Taxes ➔ United States
I assume you have lived with your spouse for at least part of the last six months of 2006. Your filing status choices are married filing jointly and married filing separately.
If you file jointly with your spouse, all income from either of you goes on the joint return. There is no amount that is excluded.
If you do not want your income on your spouses return, you must file separately. If your filing status is married filing separately, you are required to file if your income is over $3,300. So in your case, you will file and pay no tax since you can take your own exemption of $3,300 and your own standard deduction of $5,150 (I am assuming you are taking the standard deduction).
Your husband will then file a separate return. He will not have to include your income of $5,800. But he will not be able to take your part of the standard deduction and your exemption, which totals $8,450. The lost deductions of $8,450 are more than the reduction in income of $5,800. He will almost certainly pay more tax than if he had filed with you.
2007-01-11 18:31:55 · answer #1 · answered by ninasgramma 7 · 0⤊ 0⤋
When you file jointly, you must claim all income made by each party, and any joint income.
If you were not filing jointly, you'd still have to file, since the filing limits are lower for married filing separately than for joint. Filing separately would almost certainly cost you more total in taxes than filing jointly.
And contrary to what an earlier responder said, since you are married, if you don't file jointly neither of you is eligible to claim the Earned Income Credit. And someone who is married can't file as head of household.
2007-01-11 15:28:23 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Married filing a joint return is always the best way to file. It will benefit you. If you or your husband owes back child support & you are worried about not getting your refund, you can file an Innocent spouse return and your income will be separated out from the one that owes the back support.
2007-01-11 14:59:31 · answer #3 · answered by cswager 2 · 0⤊ 0⤋
Married, filing jointly. Both spouses report their income on one tax return, no matter the amount each of them earned.
2007-01-11 14:48:49 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes you do, although that amount shouldn't make a big difference. Your other choice is to file married filing seperately and file the 1040EZ for yourself. If you have children, allow him the dedcutions, EIC and Head of Household and it will all come out in the wash.
2007-01-11 14:45:14 · answer #5 · answered by Erica B 3 · 0⤊ 1⤋
Yes, he still has to include it - and you should receive a W-2 with your wages. Part of the benefit is that the SStax you pay will be used to calculate your pension, and you should have withholding on it that will help pay the tax.
2007-01-11 14:50:54 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Of course you do.
2007-01-12 01:25:11 · answer #7 · answered by vegas_iwish 5 · 0⤊ 0⤋