My wife just got her first job last December. The company accountant said that I could file jointly and get 2 standard deductions (10,300). I've been trying free filing from IRS (eligible for under 52K per year) but I can't seem to get 2 standard deductions
2007-02-26 07:50:19 · 6 answers · asked by majin 2 in Business & Finance ➔ Taxes ➔ United States
10,300.00 is the standard deduction for Married filing Jointly
the standard deduction for Married Filing separately is 5,150.00.
You do not claim 10,300.00 twice
He was probably talking about claiming 2 exemptions
2007-02-26 07:55:00 · answer #1 · answered by Anonymous · 3⤊ 0⤋
When you file a joint return, you get ONE standard deduction. The value of the standard deduction for a married couple filing jointly is $10,300. When you select the filing status Married Filing Jointly, that standard deduction amount will automatically be applied. You will also get 2 personal exemptions, one for each of you.
You'll need to get your wife's W2 before you can file.
2007-02-26 08:13:01 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋
You dont get two standard deductions. You one get one standard deduction for filing jointly and two personal exemptions, assuming of course, you were officially married
on December 31st.
2007-02-26 08:08:47 · answer #3 · answered by bold4bs 4 · 1⤊ 0⤋
Your wife's employment should not stop you from filing jointly.
Standard deductions are given for Dependants. Given that you wife worked, she's not a Dependant. However, because she worked for about 8% of the year, you'd like to get at least 92% of the deduction, huh?
Unfortunately, this is not how it works.
Ask the company accountant how this is supposed to work. Maybe he knows something I don't.
2007-02-26 07:56:32 · answer #4 · answered by Jay 7 · 0⤊ 2⤋
You should get a W2 no matter when you got the job. call the employer and tell them to give you a document that totals all the payouts and taxes
2007-02-26 07:54:53 · answer #5 · answered by Mail J 3 · 0⤊ 0⤋
CALL A TAX PREPARER
2007-02-26 07:54:26 · answer #6 · answered by INFOBUSTER 2 · 0⤊ 4⤋