I recently got married on August 11, 2007 and would like to know if I can file single for 2007 or if I need to file married. Also, do I need to change my deduction amount on my W-4 this year or can I wait until next year? Please tell me how to handle these things with the tax season coming soon.
2007-11-13 07:08:57 · 9 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
your filing status married vs. single is based on your status on December 31st. There is no longer a marriage penalty, so this should be no biggy. If your married, then you CANNOT claim to be single. Some non-community property states will allow you to filing separately, if that's benefitial.
The W-4 is your friend when it comes to paying taxes correctly, so changing this as soon as possible is to your benefit.
2007-11-13 07:13:29 · answer #1 · answered by rob b 3 · 4⤊ 0⤋
If you get divorced no later than December 31, then you can file single. If you are still married when the year ends, you must file married. You should change your W-4 now, but there is no penalty for failing to do so.
2007-11-13 08:13:58 · answer #2 · answered by StephenWeinstein 7 · 0⤊ 0⤋
Your tax status is determined by what you are on 12/31. So, yes, you file married, joint..
you can file ,married, seperate, but please believe me, you'll do a lot better if you file married, joint. , , , want to save money/ File married/joint.
Your w4? you can take care of that anytime. Whenever you get around to it.
If your are claiming single, there's more being taken out than if you claim, married. BUT, you will get the excess back next year when you file.
I'm glad to see you planning for this now, rather than wait until the last minute.
2007-11-13 07:18:48 · answer #3 · answered by TedEx 7 · 1⤊ 0⤋
You can change your W-4 whenever you want to, but if you are married as of the end of the year, you can't file as single or as head of household, you file a joint return or file as married filing separately.
2007-11-13 14:10:03 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
Your marital status on the top of the twelve months determines your submitting status for the entire twelve months. whether you marry on New Years Eve, you're married for the entire twelve months. As such, your in undemanding terms selections are Married submitting at the same time and Married submitting one after the different. often MFJ is the preferential thank you to document. you're able to have caught the janitor on the IRS. that could be a rudimentary project that each and every person of their CSRs could be totally versed in. the reality that they are processing tax twelve months 2009 returns at recent is irrelevant on your question because it is between the regulations that has been in result for some years and there is not any possibility that Congress might substitute it.
2016-11-11 09:37:10 · answer #5 · answered by ? 4 · 0⤊ 0⤋
The key date is Dec 31st of every year. What is your martial status on Dec 31st? You will have two choices: Married filing jointly or Married Filing Separately which is the least desirable filing status to use.
2007-11-14 23:51:00 · answer #6 · answered by Gary 5 · 0⤊ 0⤋
The law requires that you file married. You can change the w-4 anytime you want. Being withheld at single will always withhold more than married anyway so it will decrease your tax bill or increase your refund.
I hope that this helps.
2007-11-13 07:17:55 · answer #7 · answered by RunningUte 3 · 2⤊ 0⤋
Yes, married on 12/31 is married for the entire year.
You never really "have" to change your W-4. It's up to you how much you want taken out.
2007-11-13 07:16:29 · answer #8 · answered by miketorse 5 · 2⤊ 0⤋
if i filed married but separate why do i loose all my school credit
2016-01-25 13:49:22 · answer #9 · answered by Debra 1 · 0⤊ 0⤋