 I got a notice from the I.R.S.....? |
| ....and it told me that I should pay the enclosed amount within 10 days or they could freeze my accounts and home. The only thing is...THERE IS NO AMOUNT GIVEN! Yes, I plan on calling them on M... |
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 Tax credits - Any advise?? |
| After renewing my claim with these idiotic people i informed them that my husband is not currently working and is in the process of being self employed but not as of yet - I gave them his earnings to ... |
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 21 yr old full time student and made $13,000 . Parents claimed me. Do I get a stimulus check? |
| I am a full-time student that works 35 hrs/wk. My fiancee and I pay for tuition and all living expenses. My parents still chose to claim me on their tax return. Will I see any type of stimulus check?<... |
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 How can Obama get away with raising taxes and calling it a tax break? |
This was a very interesting article, it didn't change my mind but if I had any doubts about McCain it would have: http://online.wsj.com/ar
What are ... |
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 A friend of mine has been given his p45? |
| he has been at this company for 8 yrs ,3 weeks ago his company changed from allclean services to allclean limited, and this week his p45 was in his pay packet, the reason he is being told is that he ... |
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 Wife passed away and can't cash stimulus payment ? |
My wife passed away and the bank wont let me cash the stimulus payment.
I asked the bank to cash it and gave them a death certificate, but they refused and that the check has to be ... |
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 Since the UK is bankrupt and everyone is in debt? |
how exactly has their been an Economic Boom ? There never was one, surely !
Additional Details
It was ALL on credit and the Never Never, wasn't it?... |
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 My chldrn live with me but their dad gets to claim one of them for a dpndnt on his taxes. who gets refund? |
| I get to claim my children for earned income credit but their dad gets to claim one of them as a dependent! They both live with me full time so who gets the refund?... |
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 Does your tax rate decrease when you get to a certain age? |
| For example, if you make $50K and you are 75 years old, do you pay less in taxes than if you made $50K and you were 25 years old?... |
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 CAN someone with no income file taxes? |
| I know that you do not have to file if you have no income, but CAN you? I ask this because I am separated from the person I have two children with. This person has not worked one day for the entire ... |
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 How much will the government stimulus checks be and when will they be sent out? |
| Is it going to be based upon your income? I know I worked enough that i will probly receive one but I do not know how they are basing the rate.Is it 300$ across the board or 600$ for some and 300$ ... |
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 What is the last date for a gift to count on 2006 taxes? |
I will be receiving a number of financial gifts over the next few years and am wondering if a gift given today (or in Feb/March?) would still be eligible for the 2006 tax year.
Much as ... |
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miramiraonthewall | Can you file taxes seperately when married, even if you have a child together? |
Me and my fiance' are planning on getting married this Oct.We already have a 2 yr old son.
I recently was approved for the best financial aid offer ever. will my fafsa be based on his taxes next year? i have 2 more years of college to go and really can't afford to have to pay for it on my own and by next year even if he will be making some pretty good $$, we would like to buy a house and get our life started already. |
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PepsiLime
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Yes, you can file as married filing separately even with having a child together.
The only thing is it's just about the worst filing status that you can take, as there are a number of deductions/credits that you lose with that filing status.
Married taxpayers filing separate tax returns
Married taxpayers can choose between filing a joint tax return or a separate tax return. The Married Filing Separately filing status provides fewer tax benefits than filing joint returns, but taxpayers will need to weigh the pros and cons and decide for themselves which is the best filing status.
If you are married, then you and your spouse can file separate tax returns. The married filing separately (MFS) filing status is the least beneficial of all the filing statuses. That's because MFS taxpayers are not eligible to claim the following tax benefits:
Tuition and fees deduction
Student loan interest deduction
Tax-free exclusion of US bond interest
Tax-free exclusion of Social Security Benefits
Credit for the Elderly and Disabled
Child and Dependent Care Credit
Earned Income Credit
Hope or Lifetime Learning Educational Credits
MFS taxpayers also have lower income phase-out ranges for the IRA deduction.
Additionally, MFS taxpayers must both claim the standard deduction or must both itemize their deductions. In other words, one MFS taxpayer cannot claim the standard deduction if the other spouse is itemizing. |
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Judy1
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You are allowed to file as married filing separately rather than filing a joint return. But it will almost surely cost you more in taxes, and many credits are not available if you do. Also, if you file as married filing separately, you'd still have to show his income on your FAFSA.
OK, he'll be making some pretty good $$ by next year? Then maybe you CAN afford to pay more toward your tuition. Not trying to sound rude here - but financial aid is for people who CAN'T afford school otherwise, not for people who would just rather buy things for themselves like a house and have the other taxpayers of the country support their schooling.
Anything you actually pay out of pocket toward tuition and fees will most likely give you an education credit for part of it, although you couldn't if you file as married filing separately. |
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Haywood Jablome
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Yeah, it's the little option on the tax form that says married, but filing separately. Keep in mind though that for financial aid and other loans, the income they want is the TOTAL household income. Even if you don't touch his money and he doesn't touch yours, you still need to put it on loan apps. |
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CHIK
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SURE.YOU CAN FILE SEPERATLY FROM YOU SPOUSE,BUT ONLY ONE OF YOU CAN CLAIM THE CHILD |
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Bowling chick
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You can file taxes separately when married, however, you will end up paying more taxes than if you filed jointly. Only one of you will be able to claim the child on their tax return. |
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Matrixcm
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Yes, you can file separately after you're married. The tax rates for filing a tax return under married filing separately is higher. Either you or your husband (after Oct.) can claim your son as dependent on the tax return but not both of you. I really suggest you discuss this with a good accountant and figure out the best way for all of you. There are too many unknowns to give you any good suggestions. Congratulation and good luck. |
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Rain L
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Yea, you can. but make sure that either you or your husband claim your son. |
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Rain
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If everything is working for you now. why change it and struggle. I'm one whom believes, to wait for marriage. You both still can do the same with taxes as if you were marriages. The Financial Aide doesn't come along all the time. You look at that money for your baby future. It's a Blue Moon. Beautiful isn't it. I think wait on the Wedding of your dreams. The home to buy of your dreams. You both also could do that Fanny Mae thing. You don't have to be married. Good luck! |
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