My husband has business losses that will offset his income of 85K and Im wondering if I claim the child...will I get a bigger benefit then he does. I read everywhere the the benefit for filing married is much more beneficial than married/separate. Although doesn't the fact that he lost so much on his business make him at a loss no matter how many more deductions he would take by WIFE and CHILD credit..I mean I think I would gain by FILING SEPARATE.....LOW INCOME of 6K and ONE CHILD as a dependent....Am I correct on this ASSUMPTION?
Thanks,
2007-01-28
06:12:13
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2 answers
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asked by
mirj99
1
in
Business & Finance
➔ Taxes
➔ Other - Taxes