I've been married a year. Is that going to cause a problem with my tax return?
2007-12-10 02:54:54 · 8 answers · asked by cpaw03 2 in Business & Finance ➔ Taxes ➔ United States
no, you are effectively taking more in deductions than you should, and will likely get a little refund next year. change it when you get a chance.
2007-12-10 02:59:00 · answer #1 · answered by redwine 6 · 0⤊ 2⤋
At worst, too much tax might be withheld, but you'd get that back when you file.
If your spouse works and makes about the same as you do it might be best to leave it at Single anyway. The withholding tables are based upon the "traditional" family with only one breadwinner so if you both claimed Married and 1 allowance it's likely that not enough tax would be withheld.
2007-12-10 04:16:18 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
the only thing this will cause is a bigger refund
i am married with 2 kids so i could claim married with 4 exceptions on my w-4 and they would hardly take anything out of my check but at the end of the year it will be borderline me getting a refund or paying
i would leave it the way it is
2007-12-10 03:00:01 · answer #3 · answered by Acee 3 · 1⤊ 0⤋
No, as long as you file "married" you will be ok.
Having "single" on your W-4 will just mean that your employer will withhold more from your paychecks and you will get a bigger tax return in the spring.
2007-12-10 02:58:14 · answer #4 · answered by countryguyhfc 5 · 2⤊ 0⤋
No, file your taxes correctly according to your martial status. Married Filing Jointly is the perferred one to use "married Filing Separately" is the least desirable filing status to ever use.
2007-12-10 09:59:20 · answer #5 · answered by Gary 5 · 0⤊ 0⤋
No, it won't. That form is only what is used to calculate your withholding tax. When you file taxes you will actually pay at the married rate.
2007-12-10 02:58:41 · answer #6 · answered by MeanKitty 6 · 2⤊ 0⤋
No, Keeping your exemption as single means they are withholding more taxes so you'll get a bigger refund. You'll decide if you'll file married filing jointly or if you both file on your own.
2007-12-10 03:03:21 · answer #7 · answered by Classy Granny 7 · 0⤊ 0⤋
sure/you should do it soon
2007-12-10 02:58:57 · answer #8 · answered by madhavan n 6 · 0⤊ 4⤋