(Closed) Did getting married impact your taxes?

posted 10 years ago in Legal
Post # 32
Member
3696 posts
Sugar bee

My Fiance found this website that will tell you what your tax percentage will be if you fill our the values accurately. We will actually get more back when we are married and file jointly because I make about half of what he does, so when you average our salaries it will actually bring him down a tax bracket.

Post # 33
Member
40 posts
Newbee
  • Wedding: September 2011

If we don’t donate enough to have enough itemized deductions to match our standard deduction, then i don’t think it will help us on our taxes, am I correct?

Post # 34
Member
459 posts
Helper bee
  • Wedding: October 2013

@Khumble: I am in Ontario Canada, and we have filed jointly as Common Law for 2 years now because we benefitted from the tax credits. It really depends on which province you are in though. 

Post # 35
Member
4 posts
Wannabee

You guys do know that you can have any amount you want withheld from your paycheck right? You just fill it out on your W-9 form or whatever. You can take an extra percent out so that when you do your taxes you will get a bigger refund. Although that just means that you are giving good old uncle sam a nice interest free loan, but some people can’t save so they like to let the government hold their money and get a big tax check each year.

For both of us it will help because my SO makes over 100k a year and I make like 55k a year and combined we don’t go over some of the limits, but we both were single. Also, I don’t itemize and he does for the mortgage intrest deduction and we would be better off if we both itemized (I just don’t have enough expenses to offset the standard deduction, but together we do).

I love doing taxes.

 

 

Post # 36
Member
284 posts
Helper bee
  • Wedding: August 2011

Maybe this is a dumb question, but do you file your 2011 taxes as married even if you were only married for a couple months in 2011?  Or do you have to file separately for the months you weren’t married or something?  I’ve been doing my own taxes (with Turbo Tax) for a couple years now, but it was just for me and just for a single state.  The marriage thing (on top of relocating mid-year) has me confused about it all now…

Post # 37
Member
250 posts
Helper bee
  • Wedding: November 1999

I make about three times what my husband makes, but we both make a good salary.  We both changed our withholding after we got married in July, so for half the year we were getting more in our paychecks.  I was worried.  Sure enough, come April my husband’s salary was, of course, taxed at my higher taxable rate and even though previously we both had received substantial refunds, last year we owed a little bit.  I changed my withholding to married but withhold at a higher single rate this year so hopefully that will help.

Post # 38
Member
2128 posts
Buzzing bee
  • Wedding: October 2011

I actually like doing my taxes and I’m excited to get all the forms (1099s and W-4s) back to see what the impact of being married was…

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