Or should I wait until after we're married and change it. I want to pay as little as possible and avoid this so called "marriage penalty".
2007-11-28 08:39:29 · 13 answers · asked by Anonymous in Family & Relationships ➔ Marriage & Divorce
Too many things can happen in the months prior to a wedding. I wouldn't make any permanent changes until actually married.
2007-11-28 08:43:11 · answer #1 · answered by DJ 7 · 2⤊ 0⤋
It won't matter. The so called marriage penalty is or was, the standard deduction when you file your taxes. So if you were married anytime during the year, you would file married for that year. Say it was 4500 for a single, but 8000 for married. Which was only 4000 per individual. When it should have been 9000. I thought that changed...as I'm no longer married so I don't know for sure.
2007-11-28 08:46:48 · answer #2 · answered by gypsy g 7 · 0⤊ 0⤋
What marriage penalty? Why would work penalize you? If they do, take them to court for discrimination.
On the other hand, depending on your country's tax laws, you might wish to incorporate yourself and convince your employer to pay your 'corporation' instead of you personally. You get the money, but your marital status can be legally obfuscated (hidden).
You can also get the tax forms from your local post office, and do them in pencil, both as married, and single, and see how much difference it will make. if it's anything like my country, net difference is negligible.
2007-11-28 08:50:32 · answer #3 · answered by David F 7 · 0⤊ 0⤋
Wait until you're married. There are so many things that could happen before June 08.
2007-11-28 08:46:31 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It doesn't matter what you select to have withheld as long as you file correctly. I selected to have my taxes withheld as though I had 8 children one year. Then when I filed I put the correct amount. No issues. I have never heard of a marriage penalty though. I didn't have anything come up like this when I filed as married.
2007-11-28 08:50:53 · answer #5 · answered by wild's 2 · 0⤊ 0⤋
You should wait till you have tied the knot first. We can ask your employer for a w-4 at any time. But once it is changed it is not in stone you can always change it throughout the year.
2007-11-28 08:47:20 · answer #6 · answered by Jackie Z 3 · 0⤊ 0⤋
Legally you can not and if you have spend 1/2 the year single you can still file single. Change your name when appropriate.
The two are separate questions are now answered
2007-11-28 09:05:54 · answer #7 · answered by MrsMagee 4 · 0⤊ 0⤋
Frankly, I wouldn't even change it.
Anything you overpay will be refunded to you, anyway, and if it's a nice fat refund, you can take a trip, or buy something special. It's hard to save up for things like that when you SEE the money.
2007-11-28 09:00:40 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Your not required to write married until you are actually married I do believe you will have top show your marriage certifcate when you do your taxes to show them when you got married generally when you are married you do your taxes together as a couple.
2007-11-28 08:44:26 · answer #9 · answered by Livinrawguy 7 · 0⤊ 0⤋
"Penalty"? I though marriage brought so many TAX BENEFITS- at least that is what everyone here is always touting!....
EDIT- Thanks gypsy for explaining the penalty....I am Head of Household so my standard deduction is just a tad less than two married people so no worries for me!
2007-11-28 08:45:19 · answer #10 · answered by Anonymous · 0⤊ 0⤋