 About this economic stimulus payment thing?? |
| so i've recieved my $300. and was told by like 15 people that i should be recieving an additional $600??? what are they talking about? i filed the 1040 and its just ... |
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 Should dole scroungers get a pension when they retire? |
| not talking about people who claim benifits for illness, just the people who dont want to work. Would this encourage more people to get up and get a job?... |
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 What are the stimulus checks REALLY going to do??!!? |
| Honestly, with gas prices where they are, how much will this action actually stimulate the economy? Look at how much gas prices have jumped in the last week (odd that the week the payments stated gas ... |
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 What is the best way to cut taxes for single guy who makes a six figure income? |
| I contribute 20% to 401K at this time, are there any other ways to reduce my tax burden short of having more kids or getting married... Been there done that..... |
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 Is it illegal in the UK to import and sell fake goods such as? |
| Clothes,perfumes and watches....if it is whats the punishment if you get ... |
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| WTF? JUST WHEN I THOUGHT IT COULDN'T ANY WORSE.ANYBODY ELSE HEARD THE NEWS ABOUT THE REBATE checks? |
| 1ST THEY ARE GOING BY LAST 2 DIGITS OF SOCIALS AND that direct deposits will be done b4 checks start to go out . the checks has started to go out already b4 people with low and high digits that'... |
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 IRS Owed taxes that i can not in no way afford, what do i do? |
| Hi, i worked for a small company for 2 years and apparently they never submitted no money to the IRS (illegal i know) now the company has disappeared looked high and low they are gone, some say out ... |
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 Claiming a newborn as a dependent? |
| I am due in February and thought that I would have to wait until I file my '08 tax return to claim my baby as a dependent, since it isn't due until after 01/01/08. However, I was told that ... |
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 Cheap alcohol and tabacco over the internet (in the UK) not possible ;-[? |
| Just seen the news of this on the Yahoo page and am most disappointed. I was really hoping they would allow for this, but at the same time, didn't think the governement would let £16bn a year ... |
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 Is it true that the only sure things are death and taxes? |
and when Chuck Norris goes to work for the IRS they will be the same thing?
Additional Details
tskelton - no offense meant to Chuck. he is the hero of many here. that's cool that ... |
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 Am I a dependent or not? |
| My monthly income is around $900 and my dad's is $1050. We are 4 members in our family, my mom and my brother. I have to pay half of the rent expenses, which is $500, every month. Rest $500 is ... |
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 How come if your on a low income you get given loads extra??? |
| Is this really fair, a family who earn more than 30k combined don't receive tax credits but below that they do, so the people who went out got a decent education worked hard to get a good job ... |
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 I'm filling out my tax forms for a new job, i want to get more out of my pay checks now , do i claim 1 or 0? |
| i'm single with no dependents. I would rather get more money out of checks now than in a return. but i don't know if i should do 0 or 1. I think i've done 0 in the past and it took ... |
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Luis U | My wife doesn't work, I'm the only one that does. Should I file single or as married on my taxes? |
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TaxMan
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There are two things, your W-4 that you fill out with your employer, and the 1040 form you fill out when doing your taxes.
1040
If you were married on December 31st of the year in question, you can NOT file as single. If you lived with your spouse at any time during the last 6 months of the year, you can NOT file as Head of Household either. In that case, your only choices are Married Filing Jointly (MFJ) or Married Filing Separately (MFS).
Rarely is MFS better than MFJ, and since your wife doesn't work, I seriously doubt MFS will be better, so please, file as Married Filing Jointly. MFJ works regardless who earned income. You get the better tax tables, you get an exemption for your wife (don't list her as a dependent), and you get all the credits that anyone else gets, but better.
W-4
What you put on your W-4 does not need to coincide with what you put on your 1040. It does affect the amount of taxes withheld on your behalf and send to the IRS all year. A great thing to do is get a hold of a W-4 form (on www.irs.gov or at your human resources department) and do the little worksheet to determine what you need to put on it. In general, if you work and your wife doesn't and you don't have kids or other dependents, you will select Married with 2 withholding allowances. Some people mistakenly call withholding allowances "exemptions" or "dependents".
Congrats on your marriage! |
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gsschulte
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married but she is a dependant. |
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Midwestgal
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Your tax return does not ask who is working. It asks your marital status on December 31 of the filing year. If you are married on that day and have lived together for any part of the last 6 months of the year, you are married for tax purposes. FYI--this is much more beneficial to you as you get the benefit of the married standard deduction which is double the single and also you will get 2 exemptions instead of 2. This doubles the amount of income on which you do NOT pay tax. |
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me
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married, i would guess |
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seriously shannon
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Married because you are married. You working has nothing to do with anything. |
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Brianna B
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You would have to file as married, or married filing separate. If you file as MFS you lose 1/2 of your standard deduction, and you cannot claim your wife as an exemption (she is never your dependent) You also cannot claim Earned Income Credit for your children if you qualify.
I think the question you are asking is geared more towards filling out your filing status on a work form or a W4. And that all depends on when you want to see YOUR money. If you claim your wife throughout the year, you will have a bigger pay check because there will be fewer taxes withheld. If you claim no dependents, you will have a larger return check at tax time, assuming you qualify for a return. |
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hotbucks6
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ask IRS but you should file marriage. |
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acmeraven
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Careful!! Your wife may not be employed outside the home but most wives work like dogs to keep a house a home. Never sell them short. As for your question; your filing status most beneficial would be married, filing joint; whereinwith you claim your wife's dependency of $ 3,250.00 in 2006. |
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jack jack
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you would still file as married.. |
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Heather
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you have to file married at the end of the year, you'll acutally get a credit for her not working :-) Durring the year if you file single, they take more taxes out - less to pay in a the end, or a bigger refund |
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Jenny
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Married. work status has nothing to do with it. |
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Sunshine
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Married |
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Annette J
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You probably get a bigger tax break by filing married. It'll consider your income alone in calcuating a household income number which usually works out better when filing married. If you make a lot of money (over 6 figures), it might be better to file separately. Talk to an accountant, it also depends on what tax bracket you fall into and if youre on the line between brackets. |
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Ron
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File married jointly. And She does not count as a dependent. She is consider spouse. (Surprise more people giving bad advice ). You get an exemption for her like a dependent but she is not a dependent.
File married better tax bracket |
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The Wraith of God is coming
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Married also do not forget your childern deductions and claim her, you can claim head of household since you pay more than 50% of the bills and support her.
Head of household was better a while back but they have made changes to the law, see which status is best for you.
401k deductions and tax rewards are something to look into also. |
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