 Can i claim my daughter as my dependant if she gets married this month before i file? |
| my daughter will get married in2006 she has lived with me the past year i will also claim my other two children. can i claim her even after she gets married for 2006?... |
|
 Can I claim my dog as a dependent and itemize his expenses? |
He had no income last year. Also can I claim my neighbors dog as he sometimes steals my dogs food?
This is a bit of sarcasm after reading some of the tax questions on here.... |
|
 I recieved a a mail from the national lottery uk that i won the online lottery is it write? |
| It is telling that i won the prize money of five hundered thousand British pound. And also saying that i have to go to this office with in 24 hours. But i Can't to go there because of some ... |
|
 Road Tax in the uk? |
My car tax runs out today but i cant afford to get a new one for a couple of weeks.
I wont be driving the car and it will be sat on my drive.
How long do i get before i ... |
|
 I don't want a rebate? |
| Is there anyway to stop the government from sending my tax rebate check to me? I don't want the extra 600 dollars. I read in an article on Yahoo that "the money actually is officially an &... |
|
| Why do people look so negatively at paying taxes? |
| I look at it as like i'm giving back to the country for the success that my country made possible. I couldn't have made the money without the backbone, the capitalism, and security that my ... |
|
 What % Tax do I pay? I live in UK and earn 15k per year.? |
| Im trying to work out my monthly salary based on my yearly salary and the web page Im using is asking for a % of Tax I pay? Anyone know what it is?... |
|
 IRS Lies AGAIN? |
| So they let the media lie to the entire nation (the public was mislead according to the IRS rep I spoke with) about their stimulus payments. I was under the estimation that if you made over 3,000 and ... |
|
 I just recieved a $100,000 settlement. Should I report this income on my taxes? |
Additional Details
The settlement is from an automobile accident (personal injury). Does this make a difference?... |
|
 I have not received my tax rebate on May 9 my SSN# 51and should have had it deposited by yesterday. Any ideas? |
| I efile my taxes by Turbo Tax and I pay my taxes by direct deposit on March 15, I suppossed receive my stimulus tax rebate yesterday May 09 by direct deposit, but I still waiting, somebody know what ... |
|
 What is the VAT on £80? |
| I know its 17.5% do you divide that into 80, I am confused.... |
|
 Angry that foreigners can claim benefits in uk etc. then return home and still receive it ? |
Additional Details
There have been articles in various newspapers recently...one (romanian family i think)child benefit /family credit etc...... |
|
 Tax question: i have the choice of donating $20,000 of inventory to charity, or sell for $500. which is best? |
| I have to liquidate 20k of assets (my business tanked) and looking to make the best of the situation... thank you for your advice in advance.... |
|
 My father is greedy and wants to claim me as a dependent. im 23 and lived with him all year and went to school |
| if he claims me i owe the gov 2000 if not i get back a 64 dollar return. i earned 23,000 and supported myself and just stayed there. i paid rent, food, clothes, school, insurance etc. hes ... |
|
| I have received a message stating u have won yahoo uk-ieland award? |
| that message give me a form to fill and submit to some agent and he replies to me stating that u have to submit a form given below to Nation wide bank Plc and they have told me that ur prize money in ... |
|
 Do you have to declare your earnings if you work under 16 hrs? |
| I am not entitled to working tax as my partners income is just over the limit.We claim child tax credit.If I was to work a couple of hours a day for the minimum wage would I have to declare this to ... |
|
 Filing head of Household? |
Is it possible for two people to file head of household with the same child?
They're not married, they live together, it's both of thier child and one claimed her as a dependent ... |
|
|  |
Adam T | Should i file single or married for tax year 2007? I got married in October 2007? |
|
 |
 
mikeeyman
|
You can't file single...
Your can only file married filing separately (MFS) of married filing jointly (MJF)...
The tax code is written as to heavily discourage MFS filing. You will be ineligible for many credits and deductions.. And you most likely will end up paying more in taxes... In addition, the IRS audits more MFS filers than any other group.
File jointly. |
|
anr
|
Your choices are; married filing jointly or married filing separately. You can not file single. Filing jointly ALMOST always works out better. |
|
ssnipes
|
Legally, you have to file based on what your status was as of 12/31 of last year. I had to amend my taxes a few years ago because I filed it wrong. |
|
Barney2008
 |
My husband and I tested both (married filing sep., married filing jointly) on turbo tax and there was NO difference in how much we get back. Turbo tax lets you test both ways before you file but it doesn't always make a difference. Our combined taxable income was about $70,000. |
|
Doctor K
 |
Adam,
I have news for you! You have no choice but to file as married. You can file married filing jointly or married filing separately which is equivalent to single but a little worse.
Your married filing jointly will give you the best rates about 90% of the time.
The only time you should consider filing separately is if both of you earn around the same amount or one of you has a large amount of itemized deductions (such as medical expenses or casualty loss or miscellaneous itemized deduction) that you could possibly be penalized since these deductions are limited to 7.5% or 2% of your adjusted gross income (which is higher if you count both salaries instead of one).
Simple software will calculate both of these for you. I have done thousands of returns in my life and about 10% do better filing separate.
I hope this was helpful to you.
Doctor K |
|
Hunter
 |
It depends.... but mostly I can say for sure that you get a bigger refund if you file jointly. This is because you pay less tax when you file jointly.
"For most married couples, filing jointly is the way to lower taxes. Married couples choosing to file separately pay more tax on the same amount of money than do couples filing jointly. For example, if a couple has taxable income of $80,000 and files jointly, their tax liability is $16,707. If the same couple makes $40,000 each and files separately, their combined tax liability is $16,714. Seven bucks isn’t much of a difference, but look at this: if one spouse makes $20,000 and the other makes $60,000, the combined tax liability becomes $17,172. The increase in taxation ($465.00, to be exact) is due solely to the change in filing status. In general, if you and your spouse decide to file separately, you can lose credits and deductions or be phased out of credits and deductions before your married filing joint counterparts."
http://www.quicken.com/cms/viewers/article/taxes/28392
For more information go to this web site. |
|
Judy1
|
Your status as of 12/31 is what counts. If you were married as of that day, even if you just got married then, you would file as married. |
|
Edgeoftown
|
It goes by what you were on December 31, so you are married.
The questions is whether you should file a joint return or separate. |
|
Barry auh2o
 |
Your status is determined as of 12/31.
Yoiu can get married 5 minbutes before midnight, New years eve. For for tax purposes you are married fthe whole year.
you can file, married'joint.
The flip side is, say you are divorced 12/30. For tax purposes, you are single the whole year. |
|
AnnieG
|
Try estimating your taxes using both scenarios, and see which one comes out better. Technology rocks!! In the old days an accountant would have charged you to give you this info. |
|
rtfm
|
You don't get a choice. Your tax status is what you are on the last day of the tax year.
The only choices you have are whether to file "married filing jointly" or "married filing separately". For most couples, filing jointly is by far the better choice. |
|
Count Your Blessings
 |
You can't file single if you were still married 31 Dec 07.
You can file married filing joint (usually the better result for most taxpayers), married filing separate (lose some tax breaks) OR possibly as head of household, IF you did not live with your spouse in 2007 but did have dependents you supported in the home. |
|
elaeblue
|
Try it both ways first and see which one gives the most back or its where you pay the least. Then send in that one. |
|
Big Buddy Judy
|
Being that your a man you should file for being married. You'll be more on your tax returns. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
14 | 40 minutes(s) ago
| | | |
14 | 44 minutes(s) ago
| | | |
14 | 54 minutes(s) ago
| | | |
14 | 2 hour(s) ago
| | | |
14 | 3 hour(s) ago
| | | |
14 | 4 hour(s) ago
| | | |
14 | 5 hour(s) ago
| | | |
14 | 6 hour(s) ago
| | | |
14 | 9 hour(s) ago
| | | |
14 | 1 day(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
