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MrsMerlot
Unconditional Love
Member since 4/06 6005 total posts
Name: Chrissy
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Tax Question - Married Ladies
Do you claim "Married" or "Single" and file jointly?
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Posted 1/30/07 9:39 AM |
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lorich
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Member since 6/05 9987 total posts
Name: Grammie says "Lora Gina"
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Re: Tax Question - Married Ladies
Currently we claim - Married, but at the higher single rate.
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Posted 1/30/07 9:44 AM |
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Sassyz75
Turning a new page
Member since 5/05 9731 total posts
Name: Dina
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Re: Tax Question - Married Ladies
we claim single and file jointly.
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Posted 1/30/07 9:50 AM |
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Kissy331
My two miracles!
Member since 5/06 17826 total posts
Name: Kristen
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Re: Tax Question - Married Ladies
Married & claim 2
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Posted 1/30/07 9:58 AM |
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Tah-wee-ZAH
Kisses
Member since 5/05 15952 total posts
Name:
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Re: Tax Question - Married Ladies
My accountant said that for most cases out there, it's better for couples to file "jointly"/"married".
Can you call your accountant and see if he/she can run the numbers both ways?
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Posted 1/30/07 10:00 AM |
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PotofLuck06
Our Baby Boy Is Here!!!
Member since 11/06 13241 total posts
Name: Betsy
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Re: Tax Question - Married Ladies
We'll be filing jointly, married.
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Posted 1/30/07 10:02 AM |
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MrsMerlot
Unconditional Love
Member since 4/06 6005 total posts
Name: Chrissy
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Re: Tax Question - Married Ladies
Posted by Tah-wee-ZAH
My accountant said that for most cases out there, it's better for couples to file "jointly"/"married".
Can you call your accountant and see if he/she can run the numbers both ways?
I always claimed single/0 - and when I got married changed it to married/0.
DH never changed his from single/1....so we had the numbers run last week. Accountant told me to change mine back to single/0, but we'll still file jointly.
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Posted 1/30/07 10:05 AM |
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trnity44
I hope you stay beautiful baby
Member since 5/05 8356 total posts
Name: Liz
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Re: Tax Question - Married Ladies
Posted by lorich
Currently we claim - Married, but at the higher single rate.
Us too.
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Posted 1/30/07 10:08 AM |
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Waste06
Waste not, want not
Member since 6/06 7219 total posts
Name: Lois Mom Mommy Mama Ma
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Re: Tax Question - Married Ladies
We both claim single, 0 but will be filing as married. We haven't done our taxes yet this year though. We're still waiting for DH's W2s. Also, this is our first year married, so I hope we're doing it right!
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Posted 1/30/07 10:21 AM |
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angnick
Life is So Wonderful!
Member since 8/06 6663 total posts
Name: Angela
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Re: Tax Question - Married Ladies
i think we are going to file married/file separately and claim 2..
we own an investment home, so we need to report our income separately..
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Posted 1/30/07 10:30 AM |
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ali120206
2 Boys
Member since 7/06 17792 total posts
Name:
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Re: Tax Question - Married Ladies
Posted by ChrissynRicky
Posted by Tah-wee-ZAH
My accountant said that for most cases out there, it's better for couples to file "jointly"/"married".
Can you call your accountant and see if he/she can run the numbers both ways?
I always claimed single/0 - and when I got married changed it to married/0.
DH never changed his from single/1....so we had the numbers run last week. Accountant told me to change mine back to single/0, but we'll still file jointly.
This number/designation basically determines how much $ they take out of your paycheck for taxes each week. For a -0- they take out more and the $ taken out decreases as the number gets higher. You can still file married jointly or married separately if you have a single designation on your W2.
I'm not 100% sure of this but, I'm thinking they'd take out more if you used the married designation as opposed to the single designation because of the marriage penalty, which is going away in 2007
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Posted 1/30/07 10:32 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: Tax Question - Married Ladies
we claim married filing jointly. We look at it each year and figure out what works best. this has worked for us.
We each claim 2 dependents on our w4 form though giving us more money in our paycheck. We still end up getting back at the end of the year.
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Posted 1/30/07 11:51 AM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name: remember, when Gulliver traveled....
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Re: Tax Question - Married Ladies
don't know, but I sleep with my accountant to get a better refund.
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Posted 1/30/07 11:55 AM |
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MrsMerlot
Unconditional Love
Member since 4/06 6005 total posts
Name: Chrissy
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Re: Tax Question - Married Ladies
Posted by Ophelia
don't know, but I sleep with my accountant to get a better refund.
send him over would ya?
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Posted 1/30/07 12:36 PM |
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leighla
Support Cancer Research
Member since 5/05 16353 total posts
Name: Lauren
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Re: Tax Question - Married Ladies
We file as Married, filing separately.
For the last two years it worked out to be more beneficial for us that way.
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Posted 1/30/07 12:38 PM |
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DaniJude
You're My Home <3
Member since 11/06 14815 total posts
Name: Danielle
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Re: Tax Question - Married Ladies
Posted by ChrissynRicky
Do you claim "Married" or "Single" and file jointly?
single and file jointly until the wedding...
even though we are married, not everyone knows that and until the wedding day comes we will file that way... then we'll go about doing all the stuff associated with changing everything and joining everything.
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Posted 1/30/07 12:45 PM |
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katiebell
Hoping, wishing, waiting....
Member since 8/06 1418 total posts
Name: K
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Re: Tax Question - Married Ladies
I claimed single "0" and we file as married. My husband claimed married "1", and they didn't take enough taxes out, so now we owe money, so he is also going to change to single "0" so they take the most out, and you get money back at the end of the year.
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Posted 1/30/07 1:51 PM |
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chikita315
Love
Member since 8/06 7945 total posts
Name: M-lo
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Re: Tax Question - Married Ladies
Posted by Ophelia
don't know, but I sleep with my accountant to get a better refund.
Is that why you didn't get anything back last year?
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Posted 1/30/07 1:52 PM |
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Reese1106
Family of 4! :o)
Member since 8/06 6655 total posts
Name: Theresa
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Re: Tax Question - Married Ladies
I claim "0" married but withhold at higher single rate on my w-4. DH and I will file taxes separately this year since we were single for most of 2006.
Message edited 1/30/2007 2:29:42 PM.
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Posted 1/30/07 2:29 PM |
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CityNYGirl
My everything!!!!!
Member since 5/05 2324 total posts
Name: Betty
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Re: Tax Question - Married Ladies
All my adult life I have been claiming Married 2!!! I just like a bigger paycheck!!! There are so many tricks you can go around and not end up paying at the end either....
Great site that explains it very simply...
http://www.fool.com/taxes/2000/taxes000526.htm
Message edited 1/30/2007 2:46:57 PM.
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Posted 1/30/07 2:41 PM |
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klingklang77
kraftwerk!
Member since 7/06 11487 total posts
Name: Völlig losgelöst
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Re: Tax Question - Married Ladies
i will be filing single. DH doesnt have a SS number and we dont live in the US, but i earned money last year.
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Posted 1/30/07 3:33 PM |
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Lauren
Very Happy!
Member since 10/06 3917 total posts
Name:
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Re: Tax Question - Married Ladies
We file married.
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Posted 1/30/07 3:45 PM |
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