So, I need the money I will be getting from my return the day or a couple days after I file. Would HR Block give a refund anticipation loan this early in the month? I asked this question before but ...
my salary up to dec 08 is 224000/- i want to save Tax on it,
i do not have any saving like lic,ppf , taken education loan in 2003 of Rs.75000/- for 7 years can it help Additional Details
OK I'm begining to think these stimulus checks are a myth. My father's social security number ends in 00 and mine 05 and niether of us have recieved our check in the mail. I even checked ...
ok so i actually do make minimum wage (actually 5.25, I'm a kid ) so does that mean im getting a raise and when will that kick in? thnx Additional Details i live in texas.... so ...
So I filed my taxes on my own on Turbo Tax.com and it said I wasn't eligible for the rebate that the government is giving out, however everyone else says that I am and that I must have entered ...
i messed up at work and didn't charge tax on this transaction. the sale was for 100.00 + tax. it would be 108.25. so! what will be the amount if i lower the sale price and the total bill is 100.0...
Jenn
I just got married, what's the difference - filing taxes jointly or separately?
If your incomes are approximately equal and you take the standard deduction and are not eligible for any credits like the Earned Income Credit there is little difference between filing jointly and separately. If your incomes are significantly different or if you have any tax preference items like the EIC you'll be better off with a joint return since many tax preference items are denied if you file separately.
If you file separate returns you are each individually responsible for your own taxes. Your refund cannot be attached for your spouse's tax debt, nor can the IRS take collection actions against you for your spouse's tax debts.
On a joint return, both of you are equally responsible for the entire joint debt on the joint return, even if you should divorce later. If you know or suspect that your spouse is being dishonest when filing a return it's usually best to file separately to protect yourself from any claims by the IRS.
The guidance to prepare your returns both ways and choose whichever one is best for you is correct.
rhsaunders
It is very likely that a joint return will be better for you. If you feel like spending the time, calculate them separately, and compare.
dcholsted
a good CPA will calculate the return both ways and you can file however gives your the best result. Most of the time it is filing jointly but not every time.
The Allknowing Edgar
you will get screwed if you file MFS. so file MFJ and take advantage of the fact that the government wants people to be married and gives you tax breaks.
northnode3g
If you take the standard deduction the deduction for married filing jointly is much more (thousands of dollars ore) than each of you filing seperately.
mpblackbelt
Usually you get a bigger deduction when you file jointly.
zandzmama
You save a lot of money when you file jointly.
momsey
I know that you'll pay more if you file separately.
Dominicks Granny
You get a larger deduction if you file jointly.
versantly
talk to your CPA for specifics regarding your state and city taxes.