October 2009 Weddings
Dear Community,

Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.

If you have questions about this, please email help@theknot.com.

Thank you.

Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.

Tax Question

Are you and DH filing jointly or separately?
image

Re: Tax Question

  • We're going to run both numbers and go with the bigger return.

    Smile 

  • Jointly... I did a little research on this the other day and typically unless one half of the couple has a ton medical debt or they'll be claiming a bunch of credits, then it's most advantageous to file jointly.
    Warning No formatter is installed for the format bbhtml
  • We, like Karen, will be doing the numbers both ways and filing whichever way gives us more $$. The only reason we may need to file separately is that, combined, we make a disproportionate amount of money to our claimable expenses (as in, we don't own a home and have no children).
  • we just had this conversation.  We are filing jointly!
    Bethany & Mike
    est. 10.10.2009
  • We did an estimate of both joint and separately and so far it's looking about the same.  I think we'll just make it simple and do 1.  I thought there was a credit or something for being married... guess not.
    Planning & Married Bio... Pro Pics, Vendor Reviews, and Items For Sale!
    image
  • Yeah, we've got to look at our numbers too - still waiting on all our paperwork to come in.
    BabyFetus Ticker
  • DH said he was going to run our numbers both ways and see how much we would get back etc.  But we had planned on filing jointly. 
  • DH owns his own business so we're just taking everything to HR Block and have them crunch everything for us and figure out how to get the best return!
    Warning No formatter is installed for the format bbhtml
  • We're filing jointly.  At the beginning of December I ran the numbers using the IRS calculator and saw our return would be larger filing joint.  I also spoke with a few people who do taxes and they confirmed that filing joint tends the be the more advantageous return.  As soon as I get my student loan interest statements DH will file our taxes...new couch here we come!
  • I forgot to change my address with 2 places I used to work last year...ugh just realized now! Guess I will have to wait longer!

    I think we are going to do jointly too.

    image
  • I am still waiting on most of our tax stubs so I will run the numbers both ways and see what one pays us the most $$. 
    Brenda & Phillip 10/10/2009

    After 6 years of failed cycles, we were blessed with our little man through adoption. 
    B born 1/3/2012, adoption finalized 12/27/12


    IVF - Sept 2013, beta #1 54.5, Beta #2 209
    S/PAIF welcome

  • Jointly .

    While there are some deductions that you can benefit from filing separately---most of the time filing jointly puts you at a lower rate.

     Interesting article that explains this:

    http://www.bargaineering.com/articles/when-does-married-filing-separately-make-sense.html 

     

Sign In or Register to comment.
Choose Another Board
Search Boards