Quote:
Originally Posted by masraum
I believe what SoL said is correct as I understand it.
If you're a 2 income family I don't think filing separately is going to help, but I could be wrong. I'm pretty sure Uncle Sam is going to get his no matter how you file.
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Thanks guys.
Reason I asked about jointly/separately is because mommy works part time and does not make that much, and no taxes are deducted from her paycheck. I told her it will all balance out at the end of the year so no biggie, but our refund will be less.
Then I thought about filing separately. I get taxed on my income, and she on hers. She makes so little that she probably won't owe anything. But if it gets added to my income, then I will have to pay her share of taxes. Plus it is really close to pushing me into the next tax bracket.
Guess it all evens out in the wash. I will try both ways and see what happens.