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post fiscal year wedding-what's our tax filing status?

posted 4 months ago in Money
  • poll: Tax filing status
    Single- please include why in comments : (2 votes)
    17 %
    Married filing separately- see above : (1 votes)
    8 %
    Married filing jointly-see above : (9 votes)
    75 %
  •  
    1.
    Member
    464 posts
    Helper bee
    NaijaPuertoDorian    November 24, 2012   allll over

    Good morning bees! Tax time is upon us, in the States, and I must admit that it is a little confusing for my husband and I this year; he says we are to file as married (we are not sure if we are filing as married filing single or married filing jointly if that ends up as the right option) but I believe that since we wed after the end of the fiscal year, we file as single for fy12, and then next year file married.  What is the right answer?  Any and all tax filing related answers are very welcome. Thanks!

     
    2.
    Member
    3,817 posts
    Honey bee
    kerensa        midwest

    If you got married in 2012, I believe you can file as married. You can always sign up for a free tax program and play with the numbers to see if filing jointly or single is a better option. You can always call a local tax office to get more opinions.

     
    3.
    Member
    220 posts
    Helper bee
    sarg88    July 2013  

    Hi there - simple answer: Your marital status on the last day of the year determines your marital status for the entire year. So its all or nothing. Whether you were married on Jan 1 or Dec 31 - you were married in 2012. 

     
    4.
    Member
    5,174 posts
    Bee Keeper
    LGenz    May 21, 2011   New Jersey

    If you were married on Dec 31, 2012 you file as married.

     
    5.
    Member
    3,141 posts
    Sugar bee
    Natalieh86    May 26, 2012   Louisville, KY

    I'm not sure what you mean by post-fiscal year. the fiscal year ends on December 31 for individuals.

     
    6.
    Member
    1,606 posts
    Bumble bee
    nyscpa2be    November 28, 2011  

    If you were legally married in 2012, then you file as MFJ.

     
    7.
    Hostess
    3,026 posts
    Sugar bee
    panterapeach    April 2011  

    If you were married anytime in 2012 then you must file married.

    You can file married seperately or married jointly.  For most people, there are more tax benefits when you file jointly. 

     

     
    8.
    Member Icon
    Member
    329 posts
    Helper bee
    Jennlee    August 17, 2013  

    To the IRS if you marry anytime during the calendar year then you are tax status married for that year.  So even if you marry on Dec 31 you need to file married for that year.

    Married filing jointly is the most common and is adventageous for most people.  Married filing separately does have benefits for a certain part of the population, though.

    Here's an article about why some might file separately: http://www.smartmoney.com/taxes/income/married-but-filing-separately-15597/

    Also be aware filing separately also imposes a great reduction in income limits for Roth contributions.  It also removes or reduces a lot of the available deductions (education credit, student loan interest credit, capital loss deductions, etc)

    Most people will find filing jointly is better for them.  

     
    9.
    Member
    464 posts
    Helper bee
    NaijaPuertoDorian    November 24, 2012   allll over

    @Natalieh86:  sorry about the confusion,  my husband and I are both federally employed, so I'm used to everything running off the fiscal year ending September 30th, but you are right its Dec. 31 for individuals. Thanks for all of the help bees!

     
    10.
    Member
    4,525 posts
    Honey bee
    sienna76    August 28, 2012   Live in Utah; eloped to British Columbia

    @NaijaPuertoDorian:  LOL, that explains your confusion!  To us civilians, 9/30 doesn't mean anything.

    You can file married separately, or married jointly.

     
    11.
    Member
    3,646 posts
    Sugar bee
    yellowshoe    December 2011   Laguna Beach, CA

    Oops! I meant to vote for married filing jointly, but accidentally clicked married filing separately.

     

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