Ok, My fiance owes alot of money in student loans and in the state of Tennessee(it may be all over the US)they are taking his income tax returns until it is paid for. So my question is if we were to get married how could I keep mine? We will also be having our first child in February will that affect it too? Thanks Alot for any help or advice!!
2007-07-20 07:53:37 · 7 answers · asked by ericksmommy 4 in Business & Finance ➔ Taxes ➔ United States
I'm aware about not getting a child tax credit until it is born but I'm just saying if we were married and have a child can we file seperately
2007-07-20 08:14:15 · update #1
I guess I'm really asking can we file seperately and I still get the money that I normally would.
2007-07-20 08:16:31 · update #2
You could file a joint return to get all the benefits of that status, but file an Injured Spouse Claim form with your return.
The IRS will split any joint deductions and credits based on who earned the income, deductions and exemptions and calculate how much of the joint refund is due to you and how much will go to pay the back student loans.
The form is 8379
http://www.irs.gov/pub/irs-pdf/f8379.pdf
2007-07-20 09:13:58 · answer #1 · answered by Mark S 5 · 3⤊ 0⤋
Mark's answer is right on, but in your "add-onns" you ask if you'll still get the money that you normally would".
It depends on what you mean by "normally". If normal to you includes EIC, no, you will not get that on an MFS return. Also, if you live in a community property state, you will get a portion of the refund, but IRS will figure that and it's hard to predict without actual figures.
2007-07-20 11:28:50 · answer #2 · answered by Hank Roitman, EA 4 · 1⤊ 0⤋
Most websites that offer completing your tax return online will save your information as you complete each of the steps in their process. You will create an account with them using an email address so that you can work on the return at your leisure, and if you need to stop you can come back to the site and continue where you left off.
2016-05-18 04:20:50 · answer #3 · answered by ? 3 · 0⤊ 0⤋
The two of you would have to file separately for you to keep the tax dollars that are rightfully yours. Usually this is not a good idea since couples who file jointly get a better overall return, but yours is a special case. As for your child, you're not going to get any tax credit until the child is born, so it won't affect the tax return you file next year.
2007-07-20 07:57:23 · answer #4 · answered by Anonymous · 0⤊ 3⤋
No way around it, you'll have to file separate returns. I'd put the child on your return.
Why doens't he just do the right thing and start making payments on his own?
2007-07-20 08:03:29 · answer #5 · answered by Anonymous · 0⤊ 3⤋
You should check the box that says married but filing separate returns.
2007-07-20 07:59:36 · answer #6 · answered by Anonymous · 0⤊ 3⤋
^^^ This dude is right. ^^^ Give him the points. ^^^
2007-07-20 09:43:33 · answer #7 · answered by Bostonian In MO 7 · 0⤊ 0⤋