2007-02-05 08:40:32 · 9 answers · asked by nissaboo1303 1 in Politics & Government ➔ Law & Ethics
File what?
2007-02-05 08:42:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You do not HAVE to file jointly, you may choose to file separately. It's almost always better for a married couple to file jointly. That's because the income thresholds that move you into more costly tax brackets are much higher when earnings are pooled than when your incomes are considered individually.
If you file separately, for instance, you jump into the 25 percent federal tax bracket when your individual taxable income for 2006 exceeds $30,650. If you file jointly, you don't hit the 25 percent bracket until you and your spouse's combined taxable income is twice that amount, or $61,300.
One exception to the filing-together-is-better rule is if you or your spouse has substantial medical expenses or miscellaneous itemized deductions (such as union dues, certain legal fees, investment management or trust fees, or nonreimbursed business expenses). That's because medical expenses and miscellaneous itemized deductions are deductible only when their cost exceeds a certain percentage of your income — so filing separately lowers the income bar against which these deductions are measured.
2007-02-05 08:46:37 · answer #2 · answered by Playboy 2 · 0⤊ 0⤋
No obligation to file either way.
You just need to see which one provides the best advantage financially talking. Hence why Taxes are such a pain for so many people. It is advised however based on income brackets and states to file jointly.
2007-02-05 08:44:52 · answer #3 · answered by GuyNextDoor 4 · 0⤊ 0⤋
You will see selections for "married filing jointly" and "married filing separately". You can do either one, but only one of you can claim Head of Household.
2007-02-05 08:44:10 · answer #4 · answered by UFO 3 · 0⤊ 0⤋
You can file separately, but if you have kids you won't be able to claim EIC. Best to file jointly.
2007-02-05 08:44:11 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If your the main income for the children most of the year 2006 then you can file head of household. I would file alone and file for the children. Ask your tax guy and make sure you file before he does....just incase he claims the kids first_
2016-05-24 19:14:35 · answer #6 · answered by Anonymous · 0⤊ 0⤋
you can file separately, but will pay tax at a higher rate
2007-02-05 08:42:37 · answer #7 · answered by island3girl 6 · 0⤊ 0⤋
you can file seperately if you want to.
2007-02-05 08:53:00 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Its up to you,whatever way you get more back.
2007-02-05 08:47:21 · answer #9 · answered by Anonymous · 0⤊ 0⤋