Taxes issues for married couples

Taxes: Marriage



Also in Taxes

Audits Capital Gains & Losses Charitable Giving Children Deductions Dependents Education Employment Estates & Inheritances Gifts Healthcare IRS Debt Mortgages Planning Preparation & Filing Property Taxes Record Keeping Refunds Rental Property Self Employment & Small Business

See Related:

IRAs and Retirement Plans: IRAs and Taxes
When Sharing Taxes Might Not Be a Good Idea

Bankrate

Most couples file their return jointly, combining incomes and sharing deductions. That trend will probably continue, encouraged in large part by tax-law changes during the last few years to ease the marriage penalty. But sometimes it pays for couples to re-examine how they file. There definitely are instances when filing separately might be warranted.

Overcoming the Marriage Penalty at Tax Time

Bankrate

"My wife and I were married in August 2010. I have been reading that we may want to adjust our W-4 allowances in order to avoid paying money back at tax time. We would like to maximize the amount we get back from income taxes, because we plan to use some of this money toward a down payment on a house together. What is your recommendation?"


Alimony Payments Affect Taxes

Bankrate

When the end of matrimony leads to the start of alimony, each parting partner can feel the tax effects. If you are the ex-spouse getting alimony payments, the money is taxable to you as income in the year it is received. This added income calls for a couple of additional tax considerations for the recipient.

Domestic Violence Complicates Tax Problems

Bankrate

A troubled marriage is painful enough. But things can get downright nasty when you add taxes to the mix. Filing for innocent spouse tax relief might lessen a spouse's financial problems, but too often this tax maneuver triggers domestic violence.


Get your biggest tax refund guaranteed with TurboTax, the #1 best selling tax software. Start for free.



Stay Connected with TDS








Live Better...for Less!

Subscribe to one or more
Dollar Stretcher newsletters
and receive member perks.

The Dollar Stretcher
Dollar Stretcher Parents
Dollar Stretcher Tips
After 50 Finances
Surviving Tough Times
Financial Independence
The Computer Lady


Join over 250,000 other subscribers who are "living better for less."


Your Email:


View the TDS Privacy Policy.