Bees who were recently married – how are you handling taxes? (US)

posted 3 years ago in Legal
Post # 3
Member
9920 posts
Buzzing Beekeeper
  • Wedding: June 2013

Do you mean his accountant?  I would ask. 

 

We were married in June 2013, and I assumed we’d file separately.  However, my husband thinks it will greatly benefit him to file jointly…but we’re not sure how it will affect me.  We’re going to meet with an accountant when I FINALLY get my W-2s.

Post # 5
Member
260 posts
Helper bee
  • Wedding: April 2014

My friend recently got married.. she was telling me that normally her DH gets back about 3k by himself, filing seperatly she would’ve gotten about 1k and him 3k, when they selected jointly it gave them a little over 7k.. for what that’s worth. Not sure on how owning his own business would effect the situation though.

Post # 6
Member
9920 posts
Buzzing Beekeeper
  • Wedding: June 2013

@canuckandakiwi:  Our situation is because of my loans.  Some of mine are public, and after 120 payments the balance will be forgiven (because I’m a teacher).  I’m on an income-based repayment plan, though, and if we file jointly, my loan repayment amount will likely DOUBLE…yeah no thanks!  So we’ll see what the accountant says.

Post # 7
Member
18626 posts
Honey Beekeeper
  • Wedding: June 2009

I would have his accountant run the taxes both ways.

Most of the time filing seperately ends up making you lose out on deductions and credits but it does work out for some people.

Post # 8
Member
366 posts
Helper bee
  • Wedding: October 2013 - The Fox Hill Inn

@canuckandakiwi:  I just graduated from grad school so I made significantly less than DH, we’re having our accountant do it (we lived abroad for part of the year and it’s a bit complex) but we’re planning on filing jointly.

Post # 9
Member
291 posts
Helper bee
  • Wedding: October 2012

The only way I can write off my student loan interest is to file jointly. So there it is.

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