Hi, Need some help!..lol...Recently married should i file Jointly or Seperate?

Question

My husband and i recently got married..he makes roughly 45K a year and i make..well at the end of this year I would probably be 18K, but next year working a full year i will be making roughly the same amount 45k...we have ONE child whom i claimed for before when i was single, hubby still pays child support $100/bi-weekly (our child)...for next years and future taxes should we file joijtly or seperately?...serious answers please..thanx...XoXo

Answer 1

In most cases you will pay the least amount of total tax by filing a joint return.

One of the few cases where filing separate returns is advantageous occurs when one spouse has low income and high unreimbursed medical expenses and the other spouse has very high income.

The other time when it's recommended to file separate retuns is to shield yourself from tax claims if your spouse has issues with the IRS.

Other than those 2 exceptions, you'll always be better off with a joint return.

Answer 2

It seems from your question that you have a child from a previous marriage. If you are still claiming this child on your future tax returns, you will lose some tax benefits if you file separate from your new spouse. A MFS taxpayer cannot take the dependent care credit for example. There are several other credits not available to MFS, and more severe limitations on deductions such as traditional IRAs.

Your child support is not a tax issue.

So, most likely you should file a joint return.

Answer 3

It is almost always more advantageous to file jointly. If my clients ask about filing separately, I do the taxes both ways and show them the difference. I have never had one that didn't do better jointly. Child support is neither taxable to the recipient or deductible for the payer.

Answer 4

It is almost always better to file jointly, but I would consult with a good tax advisor mainly due to the child support. If he is having any of his refunds withheld then you might be affected, better to ask up front.
Hope this helps

Answer 5

that's probable extra desirable to document at an analogous time. the only thank you to understand for specific may be to apply a tax application and run off each and each state of affairs, this form you may confirm the suitable thank you to pass. The extensive form claimed on a W-4 variety isn't a based, that's a "withholding allowance" and has no longer something to do with the form of dependents you declare on your tax return. The extensive form on the W-4 is only an outstanding decision utilized by skill of the business enterprise to set the quantity withheld out of your paycheck for taxes.

Answer 6

I would file jointly. I have been married and compared both ways and found that together we had the married deduction and the taxes seemed easier.