Friday, November 25, 2011

Is there a certain month or deadline that you need to get married to get your marriage tax break ?

12/31/2007 for 2007 tax filings.





Once you're married, if you're together your choices are MFJ or MFS and MFJ is almost always more favorable.





Edit: They corrected the ';marriage tax'; and you are generally not taxed more than if single.Is there a certain month or deadline that you need to get married to get your marriage tax break ?
There is no marriage tax break... In many cases, married couples pay more taxes than if they were both single.





You are considered married in the tax year if you are married by December 31st.





Edit: They partially fixed the marriage penalty... In many cases it still exists.





Example... When I was single, I itemized... My fiance did not, and took her standard deduction. When we got married... Our deductions were equal to my itemized deductions... My wife lost her standard deductionIs there a certain month or deadline that you need to get married to get your marriage tax break ?
If you are married as of 12/31 of the tax year, you file as married.
December 31 of the year the taxes were paid. Ex'; if you get married December 31, 2007 you get that tax break for all of 2007

No comments:

Post a Comment