Thank you for the information. I've always received a refund before i got married. Now that I am married and filing jointly for the past 4 years we always end up owing taxes. I plan to file separately this year. Do i just tell my tax person about the change at the time we file or id there anything I need to do or changr before hand?
I will be married filing separately because my wife is from the Philippines and she has only been in the US for 7 months. She is currently waiting for her green card and of doesn't have a job yet but she is looking. She just got her driver's license and she has a ssn and a work authorization card. But we wouldn't be able to claim any of the extra benefits at this time anyway so filing separately and married is really the only way I can go. Of course hardly any of these videos like this one takes having a foreign spouse into consideration anyway.
Is the 270 days rule still true? Saw an article that said “The U.S. Department of Education has suspended the seizure of tax refunds, Social Security and other government payments to satisfy defaulted student loans until November, the agency said.”
And why is everything based off gross income!? Makes me sick! Taxes takes a chunk off, plus bills n expenses, it’s not the right way to calculate qualifications.
Great video, I always have to tell my friends who are married but file separately to stop doing it because of the benefits. Thank you guys for the informative video
@@almondeyes210 that’s true but either way as a couple it is now your debt as one. My wife owes student debt so when we got married it effected my taxes but when I married her I married the debt as well so either she has to pay it off for a very long time or together we pay it off sooner. The debt still has to be paid and together we can pay it off quicker.
@@almondeyes210 I’m just saying if your married you are now one so it’s both your child support and both your debt. That’s how I see marriage that’s all
Thank you. I have a question: if you are MFJ one year and elect to apply a refund to the next year, but in the next year you end up being MFS, who is entitled to the refund please?
I have a question, it's urgent if you can respond to me. I am married and always filing jointly, this year my wife decided to filing separately. how can I do on my side? married filing separately or head of household? 2. if I choose filing like head household, where about my wife? thanks
So I am leaving in the state of the Indiana and for four years I file the tax jointly, but for this year, we decide to file the tax separate can you tell me is that a possible or is a problem if I file the tax separate do I'm gonna have any penalty or problem with IRS if I choose to change for this year to file separate because we find out then we can make more money if we file separate ???????????
I file joint for last 7 years , my wife is not with helding tax on her part , I always end to paying back even though my tax are with held , what’s the best thing to do ? Thank you
Not always, last year with all the Covid relief, I was able to save taxes by filing separately and putting my kids with my wife's returns. Also, with filing jointly, not only would I have lost those reliefs but also paid extra on AMT (my wife wouldn't fall into AMT herself unless she files with me) So there is no one size fits all.
My husband and I file separate. I find that we get a bigger refund vs us filing jointly
It's backwards for us
Thank you for the information. I've always received a refund before i got married. Now that I am married and filing jointly for the past 4 years we always end up owing taxes.
I plan to file separately this year.
Do i just tell my tax person about the change at the time we file or id there anything I need to do or changr before hand?
Guys I needed this dam video after years of
Asking I finally got the god dam answer . Doing gods work
Thanks Krystal! This was very informative and helped me in my decision on how to file!
Thanks, you made this so plan and I understand the information presented.
RUclips Channel of the decade. These videos are rocking! Thank you
I always got more back??? My husband always owed taxes even when he passed and I file joint return taxes where owed
I am so glad to have found this channel!! ❤️
Me too!
I will be married filing separately because my wife is from the Philippines and she has only been in the US for 7 months. She is currently waiting for her green card and of doesn't have a job yet but she is looking. She just got her driver's license and she has a ssn and a work authorization card. But we wouldn't be able to claim any of the extra benefits at this time anyway so filing separately and married is really the only way I can go. Of course hardly any of these videos like this one takes having a foreign spouse into consideration anyway.
Informative, details, examples, useful...Thank you!
You are welcome!
Thank you. Very helpful. But I guess I do not know anything about AMT. Would appreciate more on AMT. THANK you
Love the share of knowledge.. but man, taxes suck. Hate em.
Is the 270 days rule still true? Saw an article that said “The U.S. Department of Education has suspended the seizure of tax refunds, Social Security and other government payments to satisfy defaulted student loans until November, the agency said.”
Thanks Krystal for this very informative video.
Thank you for sharing your info 💕
Thank you for the tips
And why is everything based off gross income!? Makes me sick! Taxes takes a chunk off, plus bills n expenses, it’s not the right way to calculate qualifications.
Great video, I always have to tell my friends who are married but file separately to stop doing it because of the benefits. Thank you guys for the informative video
It depends. If your spouse pays child support or any other debt the whole return can be taken.
@@almondeyes210 that’s true but either way as a couple it is now your debt as one. My wife owes student debt so when we got married it effected my taxes but when I married her I married the debt as well so either she has to pay it off for a very long time or together we pay it off sooner. The debt still has to be paid and together we can pay it off quicker.
@@arthura8840 That's your situation though.
@@almondeyes210 I’m just saying if your married you are now one so it’s both your child support and both your debt. That’s how I see marriage that’s all
@@almondeyes210 So true, mines was taken to pay his back taxes😒
Thank you. I have a question: if you are MFJ one year and elect to apply a refund to the next year, but in the next year you end up being MFS, who is entitled to the refund please?
Am a business owner and married is it ok to file married and filling separately for by business
What if my wife is a stay at home mom?
Can I still claim my home if we file separately?
Yes
if u file separately you can't use each other's ssn on the individual returns??
I have a question, it's urgent if you can respond to me. I am married and always filing jointly, this year my wife decided to filing separately. how can I do on my side? married filing separately or head of household? 2. if I choose filing like head household, where about my wife? thanks
Thank you What if one started a business is it best to file together
What about I have an LLC and have lot of write off coul I filed separately. Thanks
So I am leaving in the state of the Indiana and for four years I file the tax jointly, but for this year, we decide to file the tax separate can you tell me is that a possible or is a problem if I file the tax separate do I'm gonna have any penalty or problem with IRS if I choose to change for this year to file separate because we find out then we can make more money if we file separate ???????????
I file joint for last 7 years , my wife is not with helding tax on her part , I always end to paying back even though my tax are with held , what’s the best thing to do ? Thank you
Divorce lol
2021 you can claim EICT credit filing mjs
Details please
Is a medical collection bill and medical bill different?
One of the first lessons we learned in Federal Taxation class in my Accounting Masters: Married Filing Single = MFS = Married Filing Stupid.
Not always, last year with all the Covid relief, I was able to save taxes by filing separately and putting my kids with my wife's returns. Also, with filing jointly, not only would I have lost those reliefs but also paid extra on AMT (my wife wouldn't fall into AMT herself unless she files with me) So there is no one size fits all.
Married filing jointly guarantees they will get their money it's like being a cosigner for the mob.
If your married to a shady person it can make sense.
Please specify the country you're talking about in the video. danm!!
😍😍😍