File taxes Joint or separately ?



fourtytwocents
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What's better? 

If you are married, is it better to file jointly or separately?

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nickywilde
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Re: File taxes Joint or separately ?

It is USUALLY best to file jointly if you are married, in some cases it's not. But usually your best bet.



CandiLove
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Re: File taxes Joint or separately ?

I don't know anything about taxes. I just hand the W-2 over and pray that I receive something. My question is should we file together if my hubby has back child support (long story, I talked about awhile back). We are newly-weds and I have no idea on how to file. I am worried that they will take his income tax for the back child support owed. I know that for my father, his tax return was taken from him and given to my mother. What should I do? What are some references to this type of situation? Any advice will help. Thanks!



LynnH
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Re: File taxes Joint or separately ?

Here are a few articles I've located this morning. I will keep looking.

 

Failure to Pay Child Support

IRS Topic 203 Failure to pay child support and tax obligations. Important article here CandiLove.....you have the option to file a Form 8379, which is an Injured Spouse Allocation, because a portion of the refund is yours. Form 8379 is filed with your tax return. Should you find out AFTER you have filed your tax return, Form 8379 can be filed at the time of notification of the tax refund offset. There is a direct link on this page that will take you to Form 8379. It's worth it so that you get back the refund you are entitled to.

Treasury Offset Program

This opens an IRS pdf file. Scroll down to the part of "Treasury Offset Program".

 

 

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LynnH
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Re: File taxes Joint or separately ?

CandiLove,

Love your name, just....by the way.

My experience of seeing cases like yours in the past have been........yes, be prepared for exactly what you are expecting. States have been cracking down the past 5-8 years on this issue.

But don't be alarmed. It may be better to just let it happen and let it be over with. If you are newlyweds, I can understand completely why you are asking this question. Should I file separate or joint? We can determine that.

The only way I can really help you is..........if you feel safe enough, contact me through the contact form here on GuG. Just click on my user name and email me.

Why email me? Well, I will ask you for some specifics about your income, your last tax returns , etc. You will receive a list of questions from me and once you see them and IF you feel comfortable, answer me back. If you don't feel comfortable giving me the information, you can decline my help. I will not ask for any personal information such as name, social security number, etc. as I have no need for that information.

It's that simple.

Lynn

 

If I was standing on a fish, I'd slip and fall......



CandiLove
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Re: File taxes Joint or separately ?

I sent you an message thru the contact form. Thank you for taking time to answer my questions.



LynnH
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Re: File taxes Joint or separately ?

Candi,

 

I replied to your email with some instructions. Here is the link to TaxAct that I mentioned. It is free and it is wonderful. You can run your numbers any way you need to.

Lynn

 

If I was standing on a fish, I'd slip and fall......



CandiLove
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Re: File taxes Joint or separately ?

Thank you so much for helping. I have not submitted the numbers yet. I will this weekend when I have time. Im just bogged down w/ school.



fourtytwocents
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Re: File taxes Joint or separately ?

I have to agree with all of you...I ran the numbers both ways and Married filing jointly is by far the better way to go!

To err is human, to forgive divine

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fourtytwocents
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Re: File taxes Joint or separately ?

I have to agree with all of you...I ran the numbers both ways and Married filing jointly is by far the better way to go!

To err is human, to forgive divine

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LynnH
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Re: File taxes Joint or separately ?

 I have ran our numbers both ways every year and married filing jointly has always been the best route.

 

If I was standing on a fish, I'd slip and fall......



fourtytwocents
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Re: File taxes Joint or separately ?

I just ran it jointly thru turbotax and tomorrow I'll check the other way...too pooped to do it now.  Someone once told me that the less you pay in taxes the better you should feel....He must have been smoking something!!Frown

 

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fourtytwocents
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Re: File taxes Joint or separately ?

It's been six years since I have had an income, (raising kids and being a full time student), so I am a little rusty...that's why i love this site!!!Money mouth

To err is human, to forgive divine

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smartmom
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Re: File taxes Joint or separately ?

I agree with you hubby - I've run mine many different ways (and so has my accountant) and jointly has always been better for us. 

 

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Hubby
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Re: File taxes joint or separately

if you have a program like TurboTax or QuickBooks you can run the numbers both ways to see which adds up better for you..

EVERY time i've done this, it came up far better filing jointly... But let's see what LynnH says..

 

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