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I claim 1 on my taxes, if he is to claim 2 (himself and myself) does this mean I have to start claiming 0 (or, as I'd pref, force him to claim 1 again and not 2) or can he do this even though I claim myself and work fulltime? We make the same hourly wage and I'd planned on filing seperatly at the end of the year (I've heard we can save money this way)..

2007-06-20 08:10:21 · 9 answers · asked by Sarah C 1 in Business & Finance Taxes United States

Would we both be allowed to claim 2 since our money is combined in the same account for all of our needs? We're both dependant on one another financially.

2007-06-20 08:20:29 · update #1

9 answers

A spouse is never claimed as a dependent. Assuming there's just the two of you, you'll just have two exemptions coming at the end of the year when you file, whether you file as joint or separately, so you should each be claiming at most one - or if you are going to file jointly, the two could be split on your W-4's however you want to. If he's claiming two now but you end up filing separately, he's likely to owe.

You heard wrong, by the way, that you'll save money by filing separately. It's possible you'd come out about the same either way, but only under very unusual circumstances, like if one person has very high out of pocket medical expenses, do you save money by filing separately. Note that since you are now married, your choices are a joint return or married filing separately, you can't file as single. And there are many credits that aren't available if you file separately - those might or might not affect you. If you aren't eligible for any credits, since you make about the same amount, you probably wouldn't save a lot by filing a joint return, but would likely save a few dollars, plus if you have someone prepare your return, you'd pay one charge not two. If you do your own, that last item doesn't apply.

2007-06-20 08:25:56 · answer #1 · answered by Judy 7 · 0 0

If your spouse changes his W-4 to claim an additional allowance, he will have less withholding on his taxes. It will have no bearing on the taxes he will owe. He cannot claim you as a dependent, nor can you claim him.

If each of you makes about the same money, you have no children, no retirement contributions, no education credits, then in fact your tax situation has not changed from before you were married. If this applies, it would be best to not change your W-4.

It is rare for a couple to actually save money by filing separately. These cases are usually when one spouse makes a lot more than the other, and both itemize. It doesn't seem that this applies to you.

2007-06-20 10:07:20 · answer #2 · answered by ninasgramma 7 · 0 0

SORRY.. MARRIED PEOPLE PAY LESS TAXES THAN SINGLE PEOPLE!!! You may still claim yourself on withholding - and all that means is that the government will take less money than if you said 0.
He/she doesn't claim 2 for the sake of the marriage. PERIOD. It remains the same and when you file your taxes you COMBINE both amounts WITHHELD as an amount already paid. THERE IS NO ADVANTAGE TO FILING SEPARATELY at the end of the year!!. Decide what you want to spend the refund on JOINTLY - cause that's what married folks do. Now if you have children, then the husband who is probably still working CLAIMS the extra exemptions, because the wife is no longer working full time.

2007-06-20 17:00:25 · answer #3 · answered by Judge Julie 7 · 0 0

Your best bet is to both claim 0, you will get more at the end of the year. If you both claim 1 and 2, you may end up having to pay come tax time. Filing jointly normally will benefit you the most especially if you itemize. If you own your own house and have a mortgage, donate to charity, have any investments, or are in any sales related fields you will definitely want to itemize. Always talk to an accountant to determine how to better plan out your taxes and maximize your return. It may seem a little expensive (usually a little less than $100), but in the long run you will get a nice return........Good luck and congrats on the new marrage.

2007-06-20 08:21:18 · answer #4 · answered by BobbyK 4 · 0 1

Spouse are never a dependent in the tradtional sense. You should file a Joint return next year. You will receive 2 exemptions (1 for him and 1 for you) on the return and an increased standard deduction if you don't itemize.

As for his W4, he should not claim more than 1. The conventional wisdom is that the lower income spouse should claim "0" if there is a big difference in incomes.

2007-06-20 08:22:42 · answer #5 · answered by Wayne Z 7 · 2 0

Each of you can claim whatever you want to at work. Just realize that the more you claim the bigger your paycheck but your refunds at tax time will be much smaller. Filing jointly will save you money - do not file separately.

2007-06-20 08:16:20 · answer #6 · answered by spicertax 5 · 0 0

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2016-12-13 08:29:49 · answer #7 · answered by ? 4 · 0 0

spouses are not dependants, they are exemptions. You can claim whatever you want at work, and it is better to file joint the EIC is where the most of your refund will come when you do that

2007-06-20 08:35:24 · answer #8 · answered by Anonymous · 0 0

that sounds right

also, get some cats and claim them also

and if a friend or relative stays more than 3 days you can claim them too I think

2007-06-20 09:44:42 · answer #9 · answered by Anonymous · 0 3

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