2007-05-17 08:08:54 · 10 answers · asked by anthonyblancoab 1 in Business & Finance ➔ Taxes ➔ United States
you file based on your status at the end of the year
this means you will file married filing jointly(MFJ)
technically you can file separately(Married Filing Separately), but you almost always will pay more taxes using that method
2007-05-17 08:11:57 · answer #1 · answered by VATreasures 6 · 2⤊ 1⤋
You should ALWAYS file Married filing joined if both spouses do not owe. It's crazy to file separately because you pay a lot more taxes if you file married filing separate. There are other exceptions. But if you have just a simple married couple's return, then you should definitely filed married filing joined. No doubt.
2007-05-17 08:57:35 · answer #2 · answered by Anonymous · 1⤊ 0⤋
If you're married as of the end of the year, you are allowed to file as married filing separately if you want to, but it will almost always cost the two of you more in total taxes than if you filed a joint return.
2007-05-18 03:18:29 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
If you file as a couple you end up paying less taxes. That's why some people want to hurry and get married and buy a house. You can also write off a lot of other things too.
2007-05-17 08:17:29 · answer #4 · answered by NT 2 · 0⤊ 1⤋
You can file separately married or file a joint return married. Most of the tax software will show you how much the return/owe amount will be in both scenarios.
2007-05-17 08:15:18 · answer #5 · answered by justcurious 4 · 1⤊ 0⤋
It's not always the size of the tax refund that drives the decision to file MFJ or MFS. Perhaps you want to sheild yourself from a tax liability your wife may owe or vice versa. As a CPA student a friend married a man who ran his own business. IShe insisted they file seperatly because she didn't want to be responsible for his tax liability. At the end of the year he owed 20k (he didn't make his quaterly payments). They divorced a few years later. She was very happy that she filed seperately.
2007-05-17 08:18:55 · answer #6 · answered by msbedouin 4 · 0⤊ 0⤋
You should check both way, filing jointly and filing as married filing separately to determine which will give you greater tax breaks. You are not required to file jointly.
2007-05-17 08:13:31 · answer #7 · answered by Devin's mom 4 · 1⤊ 0⤋
You can file either as a couple or married filing separately. Take the second option if you want to keep your return checks separate, but you do stand to enter higher personal tax fees as a single.
2007-05-17 08:13:02 · answer #8 · answered by Anonymous · 1⤊ 2⤋
I agree with the other answer. Generally, a married couple receive more deductions if filing MFJ.
2007-05-17 08:14:09 · answer #9 · answered by DLS 2 · 0⤊ 0⤋
It is a lot cheaper to file jointly, but i am not sure how you do that.
2007-05-17 08:16:20 · answer #10 · answered by sjwhite88 2 · 0⤊ 0⤋