I am wondering which is the most benificial way for us to file our taxes this year.
2007-01-18 10:45:52 · 10 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
You should file a joint return. This will give you the lowest taxes. You will get an exemption for each of you and one for each child, plus probably credits for each child also.
The other option is for your husband to file as married filing separately. He could not claim your exemption if he does this, so that would just be lost. There are other financial disadvanges to filing separately. The only reason someone would do this when only one of a married couple has income is if one was not willing to sign a joint return with the other.
2007-01-18 15:24:39 · answer #1 · answered by Judy 7 · 1⤊ 0⤋
Yes. You can do much better that way.
This may be controversial, but please don't think you don't have an income!
You are helping you're husband by playing a supportive role in the family.
Hope this sounds ok, but could you imagine what things would be like if you were not there? If it was just you're husband and child?
Guess what it would cost to replace you, labor wise? Even though you are irreplaceable in every other way!
Just trying to help you be aware of you're full value as a person, though I'm sure you know!
2007-01-18 18:58:18 · answer #2 · answered by smoothsoullady 4 · 0⤊ 1⤋
Since you are married, he cannot file a return by himself and claim you as a dependent. You can, however, file Married Filing Joint and you'll get to take $6600 off your gross income. You receive $3,300 for each person or dependent on the return.
2007-01-18 18:55:28 · answer #3 · answered by Fool in the Rain 6 · 2⤊ 0⤋
no, not as a dependent.
your husband can claim an exemption for you.
Your Federal Income Tax for Individuals
see Publication 17
page 22-25 Filing Status
page 27 - Personal Exemptions and Dependents
In the middle of page 27
You are generally allowed one exemption for yourself and, if you are married, one exemption for your spouse. These are called personal exemptions.
your spouse is never considered your dependent
2007-01-18 19:10:00 · answer #4 · answered by birdwatcher 4 · 3⤊ 0⤋
Of course aren't you dependent on his income? You are a stay at home mom.
2007-01-21 23:47:36 · answer #5 · answered by Pamela V 7 · 0⤊ 0⤋
You file your taxes as a married couple.
2007-01-18 18:51:38 · answer #6 · answered by markos m 6 · 4⤊ 0⤋
File a joint return, even though you have no income.
2007-01-18 19:22:53 · answer #7 · answered by rhymingron 6 · 4⤊ 0⤋
In most normal circumstances YES....however I do not know the details of yours but yes in 99% of cases.
2007-01-18 18:52:02 · answer #8 · answered by ramarro smith shadow 4 · 0⤊ 4⤋
Yes. I believe that as long as you didn't make more than $3,000 during the year he claims you as a dep.
2007-01-18 18:50:12 · answer #9 · answered by Corraline 2 · 0⤊ 4⤋
yes, he's taking care of you financially
2007-01-18 18:54:17 · answer #10 · answered by Anonymous · 0⤊ 5⤋