Tuesday, May 11, 2010

Married from Jan to Jun but payrol runs till Dec as a Married; Can be fixed at time of Tax filling?

I divorced in June and remarring in Dec, I didn't change status at work for payrol - Can I fix this thing when I'll file for tax returns.Married from Jan to Jun but payrol runs till Dec as a Married; Can be fixed at time of Tax filling?
If you had fixed your W-4 at the time of the divorce back to single, you probably would have had a little bit more of tax withheld each pay period. You didn't.





It's like a shell game. If not enough was withheld, you'll owe when you file. Not exactly that big a deal.





If your divorce was in June and you didn't remarry, you are looking at single (unless you have kids and HOH applies).Married from Jan to Jun but payrol runs till Dec as a Married; Can be fixed at time of Tax filling?
sure
As long as you are married before 12/31, your status for the year remains married. You must file as either Married Filing Separately or Married Filing Jointly. If you file a joint return it will be with your NEW spouse, of course. Therefore the fact that you didn't change anything at work is irrelevant.





If you don't remarry by the end of the year, you'll file as Single or possibly Head of Household if you have dependent children living with you. You could possibly be underwithheld, however, and might have a tax bill at the end of the year.
These are two separate things. You should file joint tax returns to save money. You can change your payroll withholding status at any time during the year - it does not need to match your annual tax returns.
If you remarry before December 31, it is the same as being married all year. If you have a choice about when to tie the knot and are willing to have an unromantic interlude together, you and your dearly beloved should sit down and figure out which way is going to be best. If you have roughly equal incomes, one itemizes and the other doesn't, being single until January would be the way to go.
What status you claim on your W-4 at work has no affect on how you file your taxes. You will need to file either MFJ or MFS, as you will be married on 12-31-07.

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