TAXES:

ShanWill

For those ladies that have gotten married within the last year, do you plan (or have you) filed seperately or together?  The husband and I got married in September and I was wondering what we should do.  Once you become married to you automatically have to file together...

 Many questions along that same line, so any insight on this topic would be much appreciated.  TIA!

anneliesek

Good question....I think my husband tried it both ways and ended up filing together.  I didn't care for it though because we owe the IRS a crapload of money and now I want to punch someone.  Next year I am going back to my accountant.

Jlynn3

You don't have to... have it figured both ways and do whichever gives you the bigger reward

ShanWill

Working it out both ways and getting the best result sounds like the way to go...Thanks ladies, didn't realize you could do that.

NJBride11808

My accountant said that you can file married, but file seperately, but your tax bracket is alot higher.  So if you file seperately and make $50K a year, you'll be put in a higher bracket then if you filed joint. 

Summer2008

It depends on your income. There are set amounts that determine your % of tax to be paid. If your combined income and your individual income would place you in the same % category, then it doesn't matter.

On the other hand.... let's say H makes way less than you. Alone he might be in tax category "A" while alone you are in category "B" and combined you are both in category "B".... you would pay less filing seperately.

I have the chart at home and can post it later.

Krista&Alex

we filed jointly bc filing separately would put my H in  the next higher tax bracket.  

Summer2008

HTH!

tax rates and brackets

percent / joint / single

10% /  $0-16,050 / $0-8,025

15% / $16,051-65,100 / $8,026-32,550

25% / $65,101-131,450 / $32,550-78,850

28% / $131,451-200,300 / $78,857-164,550

33% / $200,301-357,700 / %164,551-357,700

35% / over $357,700 / over $357,700

phillygrl16

We filed joint because it didn't really make much of a difference. I think we'd be in the same tax bracket either way.

izzy_n_jersey

I think we're filing jointly. 

Mrs.KaityJane

My accountant said we HAVE to filled as married, but can either file jointly or seperatlely.  I think we would make out better if we did it seperatly but I just dont feel like doing all that work so I am giving it all to him to do jointly.