The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>United States Taxes

Is there a certain amount of time you have to be married before you are able to file taxes together?


Is there a certain amount of time you have to be married before you are able to file taxes together?

If you are thinking about getting married tonight or tomorrow, you should have a romantic session of estimating the tax consequences.

If your incomes are roughly equal and you don't itemize deductions, the tax consequences should be negligible.

If there is a large gap between your incomes, there will be tax savings because some of the higher income will be taxed at a lower rate.

If one of you itemizes and the other doesn't hold off until tomorrow because married couples have to do things the same way so the combined deductions will go down.

before the new year starts like it would not be good to marry today and expect a large come back.

Nope, just have to be married before midnight tonight.

Instantly

Yep! One second -- 11:59:59 PM on New Year's Eve. Or earlier.

Nope! If you were to wed 12/31 @ 11:59, then you would be required to file married on your taxes for 2007.

Not at all. As long as you married within the year, you claim for the entire year. Conversely, if you divorce on the last day of the year, you can't claim marriage for the entire year.

However, when it comes to children, you can claim a newborn (or newly adopted child) for the entire year, but if you have stepchildren, or you attain guardianship, you can only claim them if you have them for more than half the year.

No, as long as you are married on 12/31 or before, you can file a joint return for the year.

You can get married today, Dec 31, 2007 and file "Married Filing Jointly". The key date is Dec 31st of every year "What is your martial status as of Dec 31st?"

Tags
  Austin   Atlanta   Other - Business & Finance   Other Taxes   United States Taxes   United Kingdom Taxes   Spain Taxes   Singapore Taxes   Mexico Taxes   Ireland Taxes   India Taxes
Related information
  • What was your bonus???

    Found out mid december... no bonuses for anyone... I make $140K a year, plus stock options, plus bonus, plus discretionary stock.... plus they pay for my laptop and pda-phone Massachusetts

  • Filing 2007 tax returns?

    Your understanding is correct. The IRS has the programming already corrected for the rest of the forms for the last-minute changes that Congress made. As to the child care, it only affects peop...

  • Medical bills and taxes?

    I would. Although I have heard from some accountants that you can't claim them unless the check was cashed in 2007.

    ...
  • Tax Question about Native Americans?

    People become very confused on this subject. Yes Native Americans pay taxes. It is as simple as that really. We pay federal, state, and income taxes. This is for Natives that are enrolled o...

  • Income Tax Returns...?

    There is a delay that will be resolved. If you do not use the following forms then you will not be affected. Returns that include the following forms cannot be filed until Feb. 11, 2008: ...

  • I recieve unemployment and now have a workstudy position only 6 hours/week do i need to report this as income?

    Yes, since you are receiving income it must be reported to the state unemployment office. They will determine if it affects your benefits or not but it must be reported. When in doubt, report.<...

  • Can I return goods to Target if it was purchased in another state?

    yup my inlaws live outta state and I've returned a few of the things they've bought at Target. As long as it was bought at a Target you can return it to any Target.

    ...
  • Is Social Security being fazed out as we speak?

    unfortunately yes

    ...
  •  

    Commerce Categories--Copyright/IP Policy--Contact Webmaster