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If a single man marries his girlfriend will he pay less in taxes?
His girlfriend is a student who has an income of zero.
He claims her as an exemption and files jointly, will his tax be lower?
8 Answers
- MLv 67 years ago
Yes because your exemption credits will double & your standard deduction will too..
If you file single in 2014 -- the first $10,150 is tax free for federal. If MFJ -- you don't pay any taxes on the first $20,300 (you said your gf had zero income)
If you are filing a joint return & shes a student & has qualified tuition & receives a 1098 T; the 2 of you may qualify for an ed credit also..
You may also be able to take a deduction for student loan interest..
- RobLv 77 years ago
in USA, yes but that is an expensive way to save pennies.
visit a library for books on doing taxes.
she may have student problems with tuitions.
- troLv 77 years ago
he doesn't claim her as a dependent, she is a co taxpayer with him
he files a joint return with her and now that he is married he has a different amount for his standard deduction, he also adds one more personal exemption to reduce his taxable income
as a student there could possibly be a credit that can be claimed as well
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- falsi fiableLv 77 years ago
When couples with unequal income wed, their joint taxes almost always go down significantly.