Welcome to InsuranceForums.info!   

Advertisments:


Sponsor Links

Affordable Pet Insurance
Travel Insurance Comparison


Would we get a larger tax return if we were married?

Unemployment Insurance and Employment Discussion

Would we get a larger tax return if we were married?

Postby eliran » Wed Dec 12, 2012 9:36 am

My bf and I have been together for years and have 3 kids in common, he always files as head of household claiming me as a dependent (I do not work). I was wondering if we would get a larger tax return if we were married.
eliran
 
Posts: 172
Joined: Tue Sep 18, 2012 3:12 pm

Would we get a larger tax return if we were married?

Postby ambrosi » Wed Dec 12, 2012 9:45 am

Possibly BUT you and he could play some games with the enclosed estimated tax calculator at this time of the year for this purpose and try to figure it out for this purpose NOW.
Here you go you can try and do your own estimated tax calculations at this time in your life for this purpose since you are the only one that would know all of the needed necessary information at this time.
www.irs.gov website and use the search box for 2012 Form 1040-ES (OTC)
Estimated Tax for Individuals

http://www.irs.gov/pub/irs-pdf/f1040es.pdf?portlet=3

Copy and paste the below enclosed website address into your browser address bar for this purpose.

http://www.dinkytown.net/java/Tax1040.html

Enter your filing status, income, deductions and credits and we will estimate your total taxes for 2012. Based on your projected withholdings for the year, we can also estimate your tax refund or amount you may owe the IRS next April 2013.
In 2011, Federal income tax rates were scheduled to increase to pre-2001 levels, but the "Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010" left the existing tax brackets in place through 2012.
You probably can find an estimated tax calculator for your state income taxes by going to your state income tax department website and use the search box for estimated tax calculator at that time in your life.
I would hope that you do find the above enclosed information useful for your situation and good luck to you with this matter. 11/30/2012
ambrosi
 
Posts: 483
Joined: Thu Mar 31, 2011 3:52 pm

Would we get a larger tax return if we were married?

Postby zeeman19 » Wed Dec 12, 2012 9:51 am

since he is filing as head of household it isn't 'your' refund it is his
he is eligible for EIC due to his earned income and the children
some of any refund is a refund of money that has been withheld from his paycheck as income tax that he doesn't owe
right now he is claiming all the personal exemptions available whether you are married or not, the standard deduction is higher for married filing jointly, which might mean less taxable income
and the EIC is more for a married couple than a single one
zeeman19
 
Posts: 188
Joined: Tue Oct 30, 2012 1:45 am

Would we get a larger tax return if we were married?

Postby farold » Wed Dec 12, 2012 9:56 am

Under the current rules, you would not get a lower tax refund if you were married. In some cases the refund would not change.

If he qualifies for Earned Income Credit with the children, his refund would be larger if he could file as married filing jointly. In some cases the difference in this credit is more than $1,000 between Hoh and MFJ filing statuses.
farold
 
Posts: 471
Joined: Sat Apr 02, 2011 6:04 am

Would we get a larger tax return if we were married?

Postby kenley » Wed Dec 12, 2012 10:16 am

You most likely would, since you'd get a standard deduction for you also which you don't get now, rates when filing a joint return are lower than head of household, and if he qualifies for EIC it might be higher if you were married.
kenley
 
Posts: 516
Joined: Fri Apr 01, 2011 3:00 pm

Would we get a larger tax return if we were married?

Postby bainbrydge » Wed Dec 12, 2012 10:27 am

Depends on his income. The deduction for married joint is higher than the deduction for head of household.
bainbrydge
 
Posts: 490
Joined: Fri Apr 01, 2011 2:38 am


Return to Unemployment Insurance

 


  • Related topics
    Replies
    Views
    Last post