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dandg
LIF Zygote
Member since 1/06 46 total posts
Name:
Gerard
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Is it better to file married separately, or married jointly?
It's tax season! Any one have any ideas and opinions as to which will produce the greater tax refund, and which is the better option? Thanks in advance...
Message edited 1/6/2007 9:22:56 AM.
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Posted 1/6/07 9:22 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
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Re: Is it better to file married separately, or married jointly?
I would speak to your accountant but when I worked the CPA's never recommended filing separately unless it was a certain circumstance. Only one person can take the deductions, meaning if you have a house you cant split it.
ETA: I know the program we used had a worksheet that would show the difference if you filed jointly or seperately so they might have that and you could ask to see it.
Message edited 1/6/2007 9:34:49 AM.
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| Posted 1/6/07 9:33 AM |
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LisaW
Time for me to FLY!
Member since 5/05 13199 total posts
Name:
Did I ever tell you that I hate people?
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Re: Is it better to file married separately, or married jointly?
We always have our acct run it both ways to check....
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| Posted 1/6/07 9:37 AM |
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MrsS2005
Mom of 3
Member since 11/05 13118 total posts
Name:
B
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Re: Is it better to file married separately, or married jointly?
My dad is an accountant and he always told me that 99% of the time it's better to file married jointly.
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| Posted 1/6/07 9:39 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Is it better to file married separately, or married jointly?
when DH and I went to file last year, my accountant asked if I had changed my name in 2005 or 2006. When I said 2005, she said that we *had* to file married.
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| Posted 1/6/07 9:45 AM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: Is it better to file married separately, or married jointly?
Posted by SweetestOfPeas
when DH and I went to file last year, my accountant asked if I had changed my name in 2005 or 2006. When I said 2005, she said that we *had* to file married.
You have to file married - but you can do it either jointly or seperately. as other posters have said, it almost never makes sense to file seperately.
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| Posted 1/6/07 9:54 AM |
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Re: Is it better to file married separately, or married jointly?
Our tax person is really good and he recommended that we do married filing jointly.
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| Posted 1/6/07 10:01 AM |
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Tine73
Member since 3/06 22093 total posts
Name:
*********
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Re: Is it better to file married separately, or married jointly?
Posted by LisaW
We always have our acct run it both ways to check....
We did that last year and the refund was bigger if we filed together.
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| Posted 1/6/07 10:05 AM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: Is it better to file married separately, or married jointly?
Have your tax professional run it both ways. For us it was way better to file married/jointly as it is for most people.
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| Posted 1/6/07 11:04 AM |
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csorisi
My 2 LOVES
Member since 11/05 1984 total posts
Name:
Corinne
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Re: Is it better to file married separately, or married jointly?
Last year we were only married 2 months and we asked that the accountant do it both ways to check which way was better for us. If we filed separately we would have each gotten back less than $1,000.00 by filing together we almost got $6,000 back.
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| Posted 1/6/07 11:05 AM |
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MrsBlueSash
Love my sailor
Member since 6/05 5793 total posts
Name:
Christian
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Re: Is it better to file married separately, or married jointly?
We have a great tax guy and he files us jointly, better in his opinion.
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| Posted 1/6/07 12:29 PM |
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MrsPowers
So blessed!
Member since 11/06 10348 total posts
Name:
Ivelysse
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Re: Is it better to file married separately, or married jointly?
Posted by MrsS2005
My dad is an accountant and he always told me that 99% of the time it's better to file married jointly.
Exactly what I was going to say.
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| Posted 1/6/07 2:23 PM |
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