Friday, July 30, 2010

What should my filing status be , If I just got married in June and my wife doesn't work?

Also can I claim her as a dependent? Just need a little help with what I should file at the end of the year ?What should my filing status be , If I just got married in June and my wife doesn't work?
Your filing status would be ';Married Filing Jointly'; and claim two exemptions (yourself and your spouse). I just read some of the earlier answers and do not pay attention to classy granny. You can not file as ';Head of Household';. You only have two choices and it is either ';Married Filing Separately'; or ';Married Filing Jointly';. Married filing Separately is the least desirable filing status. If you use any other status that you will have a ';fraudulent return';. The key date is this: What is your martial status as of Dec 31, 2007?What should my filing status be , If I just got married in June and my wife doesn't work?
Married. Head of household. If she doesn't work you have 2 dependents. Her and yourself.
If your wife doesn't work you will certainly be better off filing a joint return. By filing jointly you will get an exemption for yourself and your wife. Thus, claiming your wife as a dependent and taking a third exemption is NOT allowed.
Your choices are filing a joint return, or filing as married filing separately. You'd almost surely pay less tax if you file a joint return. That doesn't mean that both of you have income - you can file jointly even if only one of you works.





You can't claim her as a dependent - a spouse can never be claimed as a dependent. But you do get an exemption for each of you.
You may file jointly or separately. You'll nearly always pay less tax by filing a joint return. Your wife does not need to work for you to file a joint return.





Assuming that you file a joint return you will get 2 personal exemptions, one for each of you. You cannot claim her as a dependent.
You can file either as married filing jointly or as married filing separately, but your taxes will be less filing jointly.
You can file as Married Filing Separately or Married Filing Jointly. For you the best option is Married Filing Jointly.
You've more or less answered your own question without realizing it. Yes she is your depedendent and your filing status will be married filing together with a deduction for 2


being the result.


Now taking a step backward, the W4 form your employer has currently reads what single 1 deduction? more than likely. Ok that means they are taking more they they should. What that will translate to is a hefty refund which perhaps is the result you want. On the other hand you can change that W4 form at anytime to read married and than select the deduction amount from 0 to 2 so you have some lee way to sort of tailer how much you want. So you have to think about that one I'm sure. But get to your HR department and get that W4 form changed ASAP it will free up a few $$ for you on your take home pay.


Em
Your choices are Married Filing Joint or Married Filing Separate.





Your spouse is almost NEVER considered a dependent of the other spouse!





On the front of the 1040 check of the filing status then in the Exemptions check of ';Yourself'; and ';Spouse'; if MFJ (or just ';You'; if MFS.





You would put nothing under dependents unless you had children or other dependents living with you.
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