 Is money inherited considered income? |
| My mom received $9000.00 inheritance from her mother.The money was received from an bank account her sister and husband have managed for my grandmother.My mom is considered at poverty level.She is ... |
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 Do Food Stamps or WIC Negatively effect you tax return/refund? |
| Since I have pretty much quit working my husband and I qualify for food stamps, and WIC (just had a baby) and I we cant decide if we should go get them because we dont want our tax return to be ... |
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 Claiming unborn child on taxes? |
| A lady at work said I can claim my unborn baby on my taxes, is this true? It didn't sound right to me...... |
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 Can I get my money back from Argos (UK)? |
Hello
I purchased a TomTom One on 23rd July 2008 from Argos and it has now stopped working- It won't even turn on. I paid £99.99 for it.
I still have the box and the ... |
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 Would anyone in the UK like to buy my home in Michigan? ? |
it's 5 bedroom and has 5 acers of land. Horse barn, on the edge of a game preserve. Above ground pool, berry patches and fruit trees, totally private and views that won't quit.
... |
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 Can my fiance file my child on his taxes? |
| I was wondering if my fiance could claim my child on his taxes? His mother told us we could, but I just want some other answers to make sure. I didn't work this year at all stayed home had a ... |
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 I don't understand some one help? |
| i did my taxes on 1/16/2009 and got denied for the RAL because sbbt said ib owe them so they said i should get my refund on 1/30/2009 but the irs said i should get it on 2/3/2009 now the irs says i ... |
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 Can an adult child be considered a qualifying relative? |
| If you financially supported your adult child with over $10K, will you qualify for head of household ... |
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 Can I get tax money from the previous year? |
| Hello I worked in 2006-2007 and i made around 6,000 each year. I had tax's taking out of my check. But my dad told me not to file my tax's and this year i plan to file. Is there any way I ... |
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 Got a 1099 form for money my brother gave me? |
Hi,
Last summer we were in foreclouser, big time cc debt just no way out. Well i had to swallow my pride and discussed how hot water we were in. my grand father, then my father both now ... |
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 How do you claim a domestic partner on your taxes? |
Additional Details
we are engaged, but wont be married for at least a year. he doesnt get medical benefits where he works and i need to put him on mind...... |
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| My friend's W2 has no federal witholding on it?What could be the reason? |
| He didn't get a federal tax return because they didn't hold anything...why didn't they hold any money?... |
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sophielyn | Filing status married vs married filing separate? |
my husband makes 3x more than i do. is there any benefit to filing "married filing separate" returns. we have 4 children that are MINE from a previous marriage and i am desperate for financial aide for college tuition. we did not qualify last year because of his income. i think if i do not include him i will be eligible for pell grant for my children i cannot afford tuition and any advice would be appreciated!! |
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Jss
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You can file as married filing jointly (MFJ) or married filing separately. In most cases, it is better to file as MFJ. Read http://taxipay.blogspot.com/2008/02/filing-status-for-married.html |
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LR
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Unless you are expecting his refund to be withheld for some reason, you are better off filing jointly. The grant people are going to check into household income anyway and if you lie or omit his info, you could be subject to civil penalties and possibly criminal ones as well. Sometimes filing separately can be beneficial on your state return, depending on where you live and your circumstances. |
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acmeraven
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I think the FAF setup takes total income into their computation. Married, filing seperate is usually used because of an offset against one or the others refund and to limit liability. It also means you cannot collect the CHILD TAX CREDIT or the EIC ( which in your case may be a no-go). Have you talked over with your spouse the financial situration and tuition needs and yada? You might also be able to obtain some scholarship funds from the school? Wish I could be of more assistance. Good luck. |
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Judy1
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If you are married, the entire joint household income is generally taken into account for financial aid no matter how you filed your tax return. But check that out with the financial aid office of a local school before you file, to be sure. The FAFSA form, which is used to determine the expected family contribution, specifies father's/stepfather's AGI without saying anything about whether the mom and stepfather filed jointly or not, so filing separately would probably not change anything about their eligibility for financial aid including Pell grants.
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Charles G
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Married filing joint is almost always gives more money in returns. This is ESPECIALLY true if you have children.
I don't think you can exclude his income when applying for financial aide. They may be YOURS from a previous marriage, but for tax purposes, they became his also when you married him. |
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Geodal
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You will have to fill out to sets of returns and see which one is more advantageous. Most couples do worse when they file married filing separate returns, but the Pell grant may more than overcome the difference. |
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Amanda F
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In your case filing separately might be in your best interest. |
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prescientone
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Do you care if your man has to pay additional tax? Married filing separately would require both of you to itemize...or not itemize..in general, you are better off filing married filing jointly...and having your man help you pay tuition..Save, save, save |
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HaPpiLy_MaRrIeD
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In almost every case it is better to file Married. I previously worked for a great CPA...you should give him a he would really be able to help you decide and help you save money. His number 304-425-3200. I'm telling you he will be your best bet. Firm's name is Kevin T. Worley CPA AC. He should be open today. |
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