i read if you make less then 7k a year you dont have to pay taxes to the irs on it. we of course want to file jointly to gain more return. my husband did work full time. do i have to add my 6k to the files since its under 7k
2007-01-26 11:47:49 · 6 answers · asked by rochelle 1 in Business & Finance ➔ Taxes ➔ United States
A single taxpayer (under 65) doesn't have to file if their income is below $8,450. A married couple (both under 65) doesn't have to file if their income is below $16,900. But a married person who is not filing a joint return must file if their income is $3,300 or greater.
So you need to either file a married filing separate return with your $6,000 income, or combine your income with your spouse's income and file a joint return.
2007-01-26 17:20:53 · answer #1 · answered by ninasgramma 7 · 0⤊ 0⤋
not something has replaced? fairly?? a million. bigger earnings 2. have been given married 3. replaced submitting status 4. Tax expenditures, exemptions, deductions & credit have replaced on account that 2008 5. You archives as MFS relatively of MFJ. MFJ will frequently bring about decrease finished taxes than MFS. All of that mentioned, do not waste a while evaluating refunds between years. it fairly is an completely meaningless assessment. in case you lay final 365 days's return next to this 365 days's and learn line-for-line the modifications would be glaring. The MWP credit is a wash. It became into progressed by way of decrease withholding and then he claimed it while he filed. the two cancel one yet another out. it is likewise glaring which you don't comprehend what a tax refund is interior the 1st place. it fairly is not some form of bonus which you get for working, yet purely exchange for overpayment of your taxes. in case you got something at Wally international for $50 and gave the cashier a $a hundred and she or he informed you which you may could wait until next April to your exchange, you may bypass postal and you recognize it. Why is it which you're so happy to enable the IRS do the comparable ingredient to you?? purely would not make ANY experience in any respect.
2016-12-12 21:08:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The $6000 you made can create very little in tax liability. I would suggest that you use a tax preparation software that will give you the comparison between filing jointly and separately. The benefit of filing a joint return far outweighs the benefit of filing separtely. Do a joint return.. you'll be glad you did.
2007-01-26 12:03:42 · answer #3 · answered by David L 6 · 0⤊ 0⤋
You don't have to file joint, you have the choice of married filing separately. But if you file separately, you still have to file if you had more than $3300 income, so you'd still have to file for the $6000 you made. If you file separately though, it will almost always cost you more total in taxes for the two of you, or at least as much.
The higher limits for having to file are for other filing statuses, not for married filing separately. For single this year, it's $8450.
If you made less than $3300 and didn't file and he filed as married filing separately, you'd save paying taxes on what you made but lose your $3300 exemption, so you'd still come out behind.
If you file jointly, you have to report all income for either person.
2007-01-26 11:57:24 · answer #4 · answered by Judy 7 · 1⤊ 0⤋
Yes: You think you will save money by not adding to your husband, try it both ways and you will find that the joint income will work out for a larger return of funds for your family.
2007-01-26 12:03:41 · answer #5 · answered by whatevit 5 · 0⤊ 0⤋
i thought you had to file taxes regardless of how much or little you make
2007-01-26 11:55:02 · answer #6 · answered by ? 5 · 0⤊ 2⤋