File taxes for married couple separately or jointly?
-
Generally speaking of course. I'm a contract worker and I make x dollars per year. My wife owns her own business and breaks about even every year, resulting in no tax obligation. We just got married last year. Should we file jointly or separately?
-
Answer:
In the vast majority of cases you will pay less total tax by filing a joint return. This is particularly true when your incomes differ by a significant amount. If you want to know for sure, prepare your returns both ways and go with whichever way results on the lowest total tax liability.
brainiac... at Yahoo! Answers Visit the source
Other answers
As a general rule, you are always better off filing jointly if you are married. Married filing separately is intended for spouses to use when the other disappears and can't be found or they are completely not getting along. I can't even stand to be in the same city as my soon to be ex and I am still filing jointly, as distasteful as that is.
do it both ways and see which winds up being better
Related Q & A:
- Can a foreign student in U.S. on F-1 visa file taxes as a resident alien if he is here for more than 5yrs?Best solution by Yahoo! Answers
- How do I file tuition money on my taxes?Best solution by Yahoo! Answers
- How to file state taxes while W-2 from two states (different employer?Best solution by Yahoo! Answers
- Where can I file my taxes?Best solution by Yahoo! Answers
- How do I file taxes when I worked in two different states?Best solution by Yahoo! Answers
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.