I'm married with 2 kids, how should we file our taxes? Total income $62,000 and what we expect to see back?

Answer 1

youd file married filing joint, with two dependents.

theres no way of knowing what your refund is, if any, without knowing how much tax you paid, deductions, etc.

use turbotax.com and you can file yourself.

Answer 2

Your choices are Married filing Jointly and Married filing Separately. Married filing jointly is almost always a better choice. Any tax software can run the numbers both ways to be sure. A refund is the difference between what was withheld and your actual tax liability. Without any information on possible deductions or withholding, any guess about your refund in just an uneducated guess.

If I assume you take the standard deduction of $10,300 for Married filing Jointly and 4 personal exemptions ($3,300 each), your taxable income is $38,500. Tax on that amount would be $5020.

Answer 3

Generally it's to your advantage to file jointly, but there could be other factors involved which would make filing separately a better choice. As for what you should expect to see back depends on a lot more than just your income and dependents. What exemptions did you claim on your paycheck deductions? Do you have enough to itemize deductions on your return - high medical costs, mortgage interest, property taxes, state income tax paid, charitable donations and such? It can makes a significant difference on how much you get back. It's best to consult with a tax professional or use an online filing service to get the most tax savings.

Answer 4

You'll almost surely do better by filing a joint return rather than filing as married filing separately. What you get back depends on your total tax and on what you had withheld or paid in estimated payments, so it's impossible to answer that with the information you give.

Answer 5

Filing together gets you more back. You won't get earned income credit, since you make too much though. How much you get back depends on how you claimed on your W-4 all year. If 4 were claimed, then you may not get anything back. If less than 4, you'll get some back. Also, if there are 2 incomes, it would make a difference in how much was taken out of your pay.

Answer 6

not one of the money is going into the kinfolk? you're saying he offered a vehicle, do you no longer holiday in it? what do you advise on himself, clothing only for him? perhaps dinners on my own? i can not imagine you no longer getting any of one way or the different. Legally, i don't think of there is a few thing pointing out you're entitled to any of it, yet b/c you're married, you need to spend it on products that the kinfolk would earnings. A vehicle isn't out of the scope. Ask him for a a million/3 or a million/8 of it for extraordinarily own products and be conscious what he says. he's possibly basically no longer pondering you would want any considering he's the service and figuring out to purchase each and everything besides.

Answer 7

You could use taxcut or turbo tax if you don't want to go to a tax preparer. I think the average refund is around $2400 but yours could be more or less depending on what you paid and your deductions and credits.

Answer 8

You can only file married jointly or married single. You'll probably get the best refund if you do it jointly. Try doing it both ways just to see what the difference is. Based on the limited info you provided no one can tell you exactly what you will get back/owe.

Answer 9

Married filing jointly.
Matters how much you paid in taxes all year.

Answer 10

safe all u tickets get rid of y kids no just joking.. u cant hide for tax u know that! get a good taxman u can find them cheap on net or local yellow pages book they sort it out have a ''home business'' a declare loads.. good luck!!