Wednesday, May 26, 2010

Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

Here%26#039;s the problem, he used to be in the army and has an army type credit card that he never paid off, it has like a 3000 dollar balance on it, so for them to collect, he has allowed them to take his tax returns every year. Now, does this mean, since we are married, that they will take mine as well? Is there a way I can file separately from him or make sure they don%26#039;t take mine?



Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

You do NOT have to file separately! And you can protect and receive your share of any joint refund!



Use form 8379 (Injured Spouse Claim and Allocation) when you file your return. You will have to file this form every year when you file your return to prevent the creditors from getting your portion of the refund.



And file Married filing Jointly. Your taxes will be less and your refund, if there is one, will be larger. There are too many disadvantages to Married filing Separately. Just use the form 8379 and you will get your share.



Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

You could file Married filing Separately.



Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

My husband has past child support and we are in the same thing. You need to file seperate but married. They will garnish his but you will still have a refund (if you get one).



Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

For sure file separately.



Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

If you file jointly, then there can not be any separation of the refund. You can simply increase the number of dependents on your W-4, so that you get a higher weekily income, (lower taxes withheld), so that you dont qualify for a refund.



More importantly, since you are now married, why not merely allow the refund to go to the creditor, so that you can put this debt behind you, and move on to building a life together, and a good credit rating for both of you?



Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

I beleive you can file seperately. I think you can do a %26quot;married but filing seperate%26quot; however because you are married to him, they may just take your taxes too, since you guys are now a legal partnership according to the government...



I know in the case of back child support you can file an %26quot;injured spouse grievance%26quot;, but I don%26#039;t know if that is possible for you.



The best thing to do would be to pay off the debt and take control of your new husband%26#039;s money and clean up his credit so you guys can eventually get established and buy a house or something.



Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

yes, you dont have to file jointly. If you do then ask your tax preparer if they will deduct it all. If they do then tell hubby to give up the cash they took from you.



Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

When did you get married? If you have not been married for most of the year you can actually still file as single. I was married in October so I was only married for 3 months of that year and I was told to file as single that year.



Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

Just file separately. That%26#039;s what my parents do.



Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

You could file separately, however filing separately will most likely mean that both you and him will pay more taxes in the end. Generally it is more beneficial to file jointly than separately.



Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

Filing separately will protect your refund. But as a married couple the refund by filing jointly would be bigger than separate returns. Granted the government would take all of it but so what? It will need to be paid off anyway so why not save money and put it behind you. This is long term advice. You may prefer short term so you can go shopping now.



Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

Listen to yamahaman. He%26#039;s right that you can protect your share of the refund, but still file joint. Filing separately is allowed, but will almost surely cost you money in extra taxes.



Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

Go with the injured spouse thing. But one of the previous posters is incorrect. You MUST file either Married Filing Jointly or Married Filing Single. You if are married on Dec 31, you are considered married for the whole year.

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