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

posted 1 year 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 %
  • Member
    4076 posts
    Honey bee

    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.

    Member
    282 posts
    Helper bee

    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. 

    Member
    5409 posts
    Bee Keeper

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

    Member
    3170 posts
    Sugar bee

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

    Member
    1606 posts
    Bumble bee

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

    Member
    3026 posts
    Sugar bee

    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. 

     

    Member
    665 posts
    Busy bee

    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.  

    Member
    5944 posts
    Bee Keeper

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

    You can file married separately, or married jointly.

    Member
    3661 posts
    Sugar bee

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

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