We've been married since June and would like to know if we can file as married on our work place w2 forms. Thanks!
2007-07-31 06:55:37 · 6 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
You will be able to file as Married Filing Jointly for your 2007 tax return. You can fill out new W-4 forms with your employer to reduce the amount of Federal and State Withholding coming out of your paycheck for the rest of the year. If you do not adjust your withholding, and end up overpaying your tax bill, you will get a refund when you file your taxes next Spring.
Personally, I would rather use the money today than give the IRS an interest-free loan.
2007-07-31 07:03:35 · answer #1 · answered by Michael K 5 · 0⤊ 1⤋
They are W-4 forms, but yes, you can file new ones. Just be careful that you still have enough deducted to pay your taxes. And don't expect a huge difference in take home pay, since being married won't save you all THAT much in taxes, and depending on your incomes, might not save anything.
If neither of you got a huge refund last year, you might be better off just leaving the W-4's as they are, and seeing how you come out this year - if you get a big refund, change them then.
2007-07-31 07:30:56 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
You might be able to. Be careful though - if you change your W-4 to married, they'll very likely take out too llittle since you're both working. You'd be wise to leave them as they are and see how you come out at the end of the year. Then if you get a large refund, THEN make a change.
2016-05-19 00:08:32 · answer #3 · answered by ? 3 · 0⤊ 0⤋
If both of your are working you should probably keep the W-4s the same as before you were married. I have seen a lot of people change after getting married and because of the way the withholding tables are calculated, you will end up being short.
2007-07-31 07:06:41 · answer #4 · answered by Jason L 2 · 0⤊ 0⤋
If you just have 2 paycheck jobs, no kids and no mortgage, just both of you fill out new W-4's that say Married - 1 exemption. You should get a small refund
2007-07-31 06:59:24 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If you can get by,on what you bring home now, leave it alone. It isn't giving the IRS a loan, to me it is like a savings account. And what difference in the amount wouldn't gather that much interest from either you or the IRS!
2007-07-31 08:47:28 · answer #6 · answered by jamsterette@sbcglobal.net 4 · 0⤊ 0⤋