I make about twice as much as my wife, when we file together we dont get anything back. When she files separate (no accidental errors in the wrong filling boxes) from me, she gets a little back, and when I do it separate I get a lot back. My question is how do I do the deductions. we have separate bank accounts, I pay the mortgage, real estate taxes, etc. how do we deduct that? Thanks.
2007-02-03 09:24:21 · 4 answers · asked by jmseymour1 2 in Business & Finance ➔ Taxes ➔ United States
You must be looking at the wrong column in the tables. If you both work, you should owe MORE tax if you file separately than if you file jointly.
Are you sure you are looking at the MARRIED FILING SEPARATELY and not the SINGLE column??
2007-02-03 09:38:36 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If that's happening, then something is wrong with your calculations. When you calculate it separately, are you using filing status married filing separately (correct) or single (not allowed)? When you calculate the taxes separately, is one or both of you claiming EIC (not allowed if you file separately)? Are you claiming her on your separate return (you can't do that)? Is one of you taking itemized deductions on your separate returns, and the other taking the standard deduction (not allowed either - if one itemizes, the other must itemize or show a zero standard deduction - and you can't both take the same deduction)?
Something is definitely wrong for it to come out that way. If you can't see why that's happening, either post more detail as to your two incomes and federal withholdings and itemized deductions if any, on Yahoo Answers or email me - I'll be glad to run both sets of numbers.
The only way this could possibly be correct is if one of you had huge medical expenses or non-reimbursed employee expenses, neither of which you mention - and even then, would be unlikely.
2007-02-03 09:55:57 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
I would keep going as your at even if your married you can still file separate. It is whatever works for you.
2007-02-03 09:34:34 · answer #3 · answered by pun82224 5 · 0⤊ 0⤋
Almost always it is better to file jointly. That is weird that it is better to file separately. Just figure out the way you get the most back.
2007-02-03 09:30:00 · answer #4 · answered by Dizney 5 · 0⤊ 1⤋