I have question about whether to file jointly with my husband or separately. My situation:one income earned $48K, husband doesn't work,2 babies,owned two houses under my name and he has a college loan garneshment which will take all tax refunds.Last two years, I have file jointly.I just started to work this month,October.On my W4, I will claim 9 or exempt.I am not sure if I have to pay any taxes this year or refund.I am thinking of file separately and take the EIC and keep all tax refunds.
2007-10-09 10:56:23 · 7 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Or, head of household
2007-10-09 11:10:15 · update #1
1) You can not file head of household.
2) You can not receive EIC if you file Separately.
3) The income cut off for EIC with 2 kids is around $32K. If you make $48k, you will not receive EIC.
File jointly and then file an "injured spouse" form (Form 8379)
2007-10-09 12:47:04 · answer #1 · answered by Wayne Z 7 · 0⤊ 3⤋
Your taxes will be considerably higher if you file "Married Filing Separately". The tax law is written in a way to heavily discourage filing separately. In 99.9% of case, it will result in drastrically higher taxes. Filing separately typically disallows you for most credits and deductions.
The only way you can file HOH while married is if the kids live with you and your husband does not. This goes under the "abandoned spouse rule".
2007-10-09 12:43:46 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You can't get EIC if you file separately. And even on a joint return, $48k is way too high of income to get EIC.
2007-10-09 19:10:35 · answer #3 · answered by Judy 7 · 0⤊ 1⤋
In response to your follow up--You cannot file head of household if you are married and living with your spouse. Your only options are married filing jointly or married filing separately.
2007-10-09 11:57:38 · answer #4 · answered by figment_usa 5 · 1⤊ 0⤋
With $48K income you will get no earned income credit. Tax due on the return will be about $4,400. I hope you have enough withholding after 9 allowances to cover it.
2007-10-09 11:30:05 · answer #5 · answered by Anonymous · 1⤊ 0⤋
You cannot claim EIC if you file as "Married filing separately"
2007-10-09 11:06:06 · answer #6 · answered by meg 2 · 1⤊ 0⤋
can i change my tax fillin status from married filling head of household to separetly?
2016-04-07 23:54:18 · answer #7 · answered by Anonymous · 0⤊ 0⤋