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 Any idea on the cheapest way to get two years of taxes done?
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 If my CPA made mistakes on my return do I have to pay her?
My CPA is charging me $250 for filing this year's return, which I don't feel is too expensive, however she made several mistakes. I don't feel I should have to pay her the full amount ...


 How do you cash a paycheck??
its my first pay check and i need some help. thanks....


 How much can you make in income after you start drawing social security?
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 Income from Home trascription is 4000/month. Is it compulsory to pay tax?
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 Is taxation legalised theft by the state?
If I refused to pay my taxes to Blair's corrupt partner in crime Gordon 'Stalin' Brown, I'd end up in prison. But has anyone ever challenged the Government in a court of law with ...


 Do you get money back from taxes if you have a child?
I have heard that the government gives you money at the end of tax season for having a child providing that you worked that taxed year....


 What good is the IRS and paying taxes?
Bush gets flack for lowering taxes to the rich yet Clinton signed treaties that allowed our corp. to take their profits off shore to pay no taxes and he pardoned hundreds of tax evaders.
What ...


 Do you think the UK economy could collapse like a house of cards next year?
I hate to be pessimistic, but I'm beginning to wonder just how bad a slump we are facing before the economy begins to recover. Already, two or three major retailers have folded and banks have ...


 What should I tell the cashier when I buy my next lotto ticket, cash or annuity?
Would it be best to take a lump sum payment or take it over a long term for a lotto player that is in his 30s?...


 Is spouse's insurance premium is deductible from income tax?
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 Why do you get child tax credit, just want to clarify?
basically i stay at home with kiddies and hubby earns too much for working tc, so i've always thought the child tc was just cause i have 2 kids. is that right? i mean if i had a pt job would it ...


 Is it true that in a month with three pay periods irs only taxes two of them?
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 I want easy way to have my last will written without paying to any lawyer.?
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 Tax rebate.?
I still havent recieve my tax rebate.i have direct deposit on my income tax return and according to irs payment calculator if its direct deposit you should recieve it the latest is may 16.i meet the ...


 IRS 1040? How to get it?
I'm filling out my FAFSA today and I have our W2 forms... but I just found out I need something called an IRS 1040 or something.... HOW DO I GET THAT?

And what if I won't be ...


 1/28/08 no word on my refund from hr block anyone waiting from 1/25/08 get theres yet?
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 Why do the Amish not have to pay social security taxes???
I THOUGHT IT WAS MANDATORY THAT WE HAD TO PAY SOCIAL SECURITY TAXES!!!!!...


 DID someone else use them on their taxes?
HOW can I find out if someone else used my children on their taxes, is there a number I can call, or a website I can go to. Please, serious inquiries only, and please dont answer this question with a ...


 Can anyone explain why so many taxes were taken out and we still owe more?
My Husband made 52,000 this year and paid quite a lot in taxes. He had me and our daughter has dependents because I didn't work. Then the last 3 monthes of the year I got a part time Job. I didn&...



Dan M
Would I get a big tax break if my wife stops working?
If I have 1 dependant, how much tax break do I get?
                     
 




ricks
Do the math & see if it would offset losing the income.


Judy1
If your wife quit working, you'd have less income, so yes, you'd pay less taxes - you wouldn't be paying tax any more on that income since you wouldn't have it any more.

There's no way to put a number on it from your info.


Rob
You would not be claiming you wife as a dependant,

When you file Married filing jointly the standard deduction is
$10.300.00

You also claim the exemption amount of $3,300.00 for both you and your wife.

If you are married you can file jointly or separately

There is no way to tell if it would be financially beneficial to you to have your wife stop working


Keith C
Rating
No work= less income= less tax. Don't forget the less income part. Support the fair tax and you don't have to worry about the ridiculous income tax, everyone would pay according to what they spend and we could stop punishing those who want to work.
WWW.FAIRTAX.ORG


Wayne Z
There are no special tax breaks for a non-working spouse beyond the exemption that you already get. If she doesn't work, your tax liability would definitely go down but you should not let that be the determining factor.

Having your wife quit her job because your taxes would go down would be like tearing up a winning lottery ticket because you didn't want to pay the taxes.


RichManPoorMan
Rating
after you do your 2006 taxes, do it again without your wife's income and see how you would make out. I doubt that you would make out better, i.e. if she makes $25,000 a year you would save about $3,500 in taxes, but you would lose her net pay of about $18,000 (making alot of assumptions here).


bostonianinmo
No. You might pay less tax, but your family income will drop by much more than your taxes will drop by.


Nina
Rating
Well that just depends on your income.


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