I have recently acquired residence and am wondering if I should file taxes with my spouse? Would it help us save? Or are there any other advantages of filling taxes together?
2007-01-22 19:00:42 · 4 answers · asked by law abiding citizen 1 in Business & Finance ➔ Taxes ➔ United States
Your only choices are to file jointly or seperately. Jointly save taxes in 99% of time. The only time filing seperately saves is if the lower paid spouse has certain deductions that would be lost by filing jointly, such as medical expenses. You should compute your taxes both ways and file the return that results in the lowest tax.
2007-01-22 22:43:42 · answer #1 · answered by waggy_33 6 · 0⤊ 0⤋
if u were married by Dec 31 2006 then legally you should file married file joint. Filling joint lower your tax rate and you will get more money.
2007-01-22 19:07:19 · answer #2 · answered by tax pro 1 · 0⤊ 0⤋
the rule of thumb is that filing jointly will get you a better tax break.
2007-01-22 19:12:48 · answer #3 · answered by Jen 5 · 0⤊ 0⤋
It can get you more money in the end. " sometimes ".
2007-01-22 19:09:27 · answer #4 · answered by ?only?me? 6 · 0⤊ 0⤋