I usually do my own, but I'm not sure what to do this year:
I moved into my fiances parents house on June 15 of this year.
I have 2 children. My fiance is the father of one. I used to file as head of household and claimed both kids when I had my own place. While my fiance filed as single. My fiance makes about twice as much money as I do. How should we file this year to get the most money refunded?
2007-11-25 10:48:04 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Filing as head of household requires that you have paid more than half of the cost of maintaining the home in which the taxpayer and their child live. Living with parents for more that half of the year will likely make that difficult to claim. That leaves you both with filing as single with dependents. For the child you share, either of you could take the exemption. It would be worthwhile to check to see which way would produce the greatest advantage.
2007-11-25 15:01:30 · answer #1 · answered by ? 6 · 0⤊ 0⤋
Filing as head of household means that you are providing more than half of the cost of maintaining a home for a close relative like a child. If you are living with his parents, neither you nor your fiance are probably not providing half of the cost of maintaining the household, so you'd both file as single. Either of you can claim the child that is biologically both of yours - it would probably be better for him to claim that child than for you to. You should claim your other child.
2007-11-25 18:56:10 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
Get married on or before this Dec 31st. Then you can both file "Married Filing Jointly".
2007-11-26 16:31:53 · answer #3 · answered by Gary 5 · 0⤊ 0⤋
as long as you are not married, nothing changes. it only changes when you are married.
2007-11-25 18:56:50 · answer #4 · answered by LatterDaySaint and loving it 6 · 0⤊ 4⤋