Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

I got married this year.How should we file?

I made about 60,000. My husband, a student, about 20,000. We have 1 dependent. We own a home, in my name. How should we file? Jointly, together? Please only answer if you know and also, we will be doing our own taxes.

Update:

Live in US (Jersey)

9 Answers

Relevance
  • Judy
    Lv 7
    1 decade ago
    Favorite Answer

    You could figure it both ways to be sure, but you're almost certain to do as well or better by filing joint than by filing as married filing separately.

    Note: if you file as married filing separately and one of you itemizes, the other one must also, so you can't lump all your itemized deductions on one return and take a standard deduction for the other one, even if the house is in your name only.

  • 1 decade ago

    Your marital status for federal tax purposes is determined on the last day of the tax year. So, since you will be married and, I'm assuming, living together as of 12/31/2006, your only filing status choices are married filing jointly or married filing separately. Neither of you will qualify for filing head of household as someone else had suggested.

    With that said, it is usually more beneficial to file jointly, especially if you live in a commuity property state. The only way to know for sure, however, is to prepare mock tax returns both ways and do a comparison.

  • 1 decade ago

    We do our own... and since you said you would be doing your own... if you know how to do them, and if you dont have too much going on besides the dependent.... I would just try doing up your taxes as married filing jointly AND as married filing seperately. I know that sounds like a lot of work... but, if you are like me, it isn't any trouble. And that way, you can find out which works out better for you. I don't know, maybe that just sounds stupid.

    By the way, in response to RAY, you will not be able to file head of household, since you got married within the year. It doesn't matter if you got married on the 28th of December.

  • 1 decade ago

    You should file jointly. There are exceptional cases when it is more advantageous to file separately, but you have not indicated that this is the case.

    If you or your spouse have unusual itemized deductions such as excessive medical deductions, figure your returns both ways and then decide.

  • How do you think about the answers? You can sign in to vote the answer.
  • Anonymous
    1 decade ago

    For $20 pick up Turbo Tax and figure out with yourself as Head of Household and your husband as "single" and compare the taxes and deductions compared to Married - filed Jointly. If you buy the program tomorrow Dec 31st you can deduct it... keep the receipt. Turbo Tax will walk you through it. The basic version is fine for your needs.

  • 1 decade ago

    you can file joint and 1 dependent since tou own a home, when you file you have to do a long form cause you own a home.

  • 1 decade ago

    I prepare income tax returns for a living...banjos-70 is the most comprehensive explanation.. Good advice.

  • 1 decade ago

    some people did not even make 10,000!!

    Don't rub it in.

  • Anonymous
    1 decade ago

    do a joint one BEALEAVE ME ITS FOR THE BEST

Still have questions? Get your answers by asking now.