2007-12-04 05:36:16 · 13 answers · asked by mary mwith4 1 in Business & Finance ➔ Taxes ➔ United States
we have lived together since april
2007-12-04 05:47:31 · update #1
Don't worry about any of that crap until after you and yours say "I do." Then, the fun begins.
2007-12-04 05:38:48 · answer #1 · answered by Reo 5 · 0⤊ 0⤋
YOUR CHOICS ARE::Joint
or: Married filing separately.
You do not have to be married 6 mnths or longer ! You can get maried Dec 31st at 11:59 pm and still file Joint or Married Filing Separately. That is the two choices you have.
Check the Local and Federal Tax Filing Forms and Instructions at your local library.By the way, if getting married to lower your taxes?... think again. Taxes ARE higher.
( Hope that is Not the reason in the world you are tying the knot.!!!!) Teasing you...
Keeping the IRS out of our pockets is a difficult job, we sure do not want to have to go bed with them!
On Saturday, Congratulations to the Groom, Good Luck to The Bride, May all Your Hopes , Dreams, and Wishes Come True.!
Happy Holidays, Peace, Love and Joy to All.!!
It's Cold here in Pa!
2007-12-04 05:48:55 · answer #2 · answered by susdavmurph 2 · 3⤊ 0⤋
You are allowed to file a joint return for 2007, and that will probably save you taxes over your only other option, which is filing as married filing separately.
Congratulations and best wishes!
2007-12-04 07:03:12 · answer #3 · answered by Judy 7 · 2⤊ 0⤋
Unless "this Saturday" is in 2008, then you will be married in 2007.
Your marital status for the year is based on the status as of 12/31. You may figure the taxes if you file as "Married filing separately" (MFS) and compare that to "Married filing jointly" (MFJ). Sometimes your taxes are lower as MFS, but usually MFJ gives the lowest tax bill.
If you are uncertain your spouse is being honest or if one of you is involved in business that has a high probability of being audited, then you might want to file MFS to isolate the other spouse. (I handle taxes for a lot of people who are real estate developers. Because of the ups and downs of that industry and other factors, some of them file MFS so the spouse isn't exposed to any tax audits.)
2007-12-04 06:50:34 · answer #4 · answered by garyg7 7 · 1⤊ 0⤋
You can but you don't have to. If you get married at any point in 2007, you can file jointly. I would calculate it both ways (joint vs separate) and see which is more favorable.
2007-12-04 09:58:17 · answer #5 · answered by Jennifer 3 · 0⤊ 0⤋
Yes. That's why a lot of people get married before midnight on Dec.31.
2007-12-04 05:39:34 · answer #6 · answered by Anonymous · 3⤊ 0⤋
You can get married on Dec 31 & the IRS considers you married for the entire year.
Best Wishes!
2007-12-04 06:15:04 · answer #7 · answered by recycler562 3 · 1⤊ 0⤋
No, because of the fact the taxes which you report this year are for final year's taxes. you may ought to attend till next year to report joint and qualify for the marriage bracket which you will be in.
2016-12-10 12:24:49 · answer #8 · answered by Anonymous · 0⤊ 0⤋
well if i were you i would figure it both ways before sending it in and see which way gives you the most return then go with that good luck and manny years of happinss to you both
2007-12-04 05:40:31 · answer #9 · answered by nutnnice69er 3 · 1⤊ 0⤋
It depends. figure out taxes single then a joint return. do what is best for you then figure it out on the next go round of taxes.
2007-12-04 05:44:39 · answer #10 · answered by SA Warlock 3 · 0⤊ 3⤋