I got married in May 2007. I will be starting a new job September 2007. Should I change my tax status and information from single to now married? Or can I just wait until January 2008 to change all of that? Should my husband do the same at his current job too?
2007-08-22 12:50:02 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
What info do I need to change on my taxes now that I'm married? I dont know much about taxes so please help.
2007-08-22 12:51:15 · update #1
If you've changed your name, you should notify social security.
For your W-4, you can change it now or just wait. No problem either way.
When you actually file your return, you will file as married, probably jointly, but can file as married filing separately if you want to but it would probably cost the two of you in total.
2007-08-22 13:07:52 · answer #1 · answered by Judy 7 · 2⤊ 0⤋
you need do NOTHING if you do not want to regarding your W-4 infomation at your employer... however YOU will probably have to send in a copy of your MARRIAGE CERTIFICATE to prove your name change by marriage on your 2007 income tax returns....and file Married filing joint on the RETURN with your husband.... as long as you were married BEFORE December 31st 2007, you can file Married Filing Joint or Married filing SEPARATE if you want to keep the two incomes separate...... there can be a great benefit to filing SEPARATE if your husband made a substantial amt of money and you since starting work just next month will make a lot less this year... you MAY benefit by filing separate especially if you use ITEMIZED DEDUCTIONS rather then standard... He can take ALL the itemized to offset his income or give you JUST enough of the deductions to "ZERO OUT" your tax if any and lower his tax liability before subtractions---substantially... confused??? Hey once you settle down this year to DO your taxes, it won't be so difficult-and if it is, there is always H & R Block... but if you make less then $65,000 total, it's not worth going to a place like H & R Block......
2007-08-22 13:25:25 · answer #2 · answered by LittleBarb 7 · 0⤊ 0⤋
If you do, then you'll get more take-home pay. It really isn't a legal issue, as long as you file your return correctly.
As a rule, married filing jointly always gives you the maximum tax benefit because your standard deduction is so much higher.
2007-08-24 16:17:52 · answer #3 · answered by Let me steer you 7 · 0⤊ 0⤋
Did You pre-nup?
2007-08-22 15:44:21 · answer #4 · answered by Mojo Ryzin 5 · 0⤊ 1⤋