Monday, May 10, 2010

What tax benefits will I receive for getting married this past September?

I'm confused how this will work because I will only have been married for 1/3 of the year (married Sept. 2nd). Her mother claimed her on taxes before this. Also, my wife is a college student who worked part-time throughout the year. Whats the best way to file and what benefits are there?What tax benefits will I receive for getting married this past September?
Since you're married on December 31, you will either need to file married filing joint or married filing separate. Her mother shouldn't be claiming her as a dependent for 2006. Your income and her income will be ';pooled'; and taxed as joint income if you are filing jointly. Working part-time, her income probably isn't that much, so jointly you should see your taxes go down. If you file separately, you will definitely see your taxes go up as it will be less beneficial to file separately.What tax benefits will I receive for getting married this past September?
The fact that you were only married for part of the year doesn't change anything - as long as you're married as of December 31, your filing status for the year is married filing joint or married filing separately - joint is almost always better.





Her mother won't be claiming her any more.
get to file married and 2 instead of single and one, less tax. How best to file is dependent on your situation, income etc.
check out which one would be more beneficial for you - file married joint, or married seperate. Since you just got married you can choose

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