Married guys and Taxes...thoughts

[Dingo]

I don't really care how it works - I just know that while she will wisely save a large portion of hers, mine will immediately be sunk into yet more back ordered reloading components that I otherwise couldn't afford. :-) And everybody will be happy...

[Gman]

The wife and I have been hammered on taxes the last 2 years. We're under the "wealthy" mark so I don't get how only the taxes have gone up on the "wealthy". I had to change my W-4 to no deductions and we're still having to send in a big check.

...yet we make too much money to deduct losses for a rental property (my wife's previous primary residence).

I'm feelin' the love.

[sniper7]

Obama didnt raise your taxes. Bush let his tax cuts expire.

[Gman]

You've read the entire tax code to come to that conclusion?

Sent from my tactical android.

[KevDen2005]

No no no, guys, there have been tax cuts. Remember all the tax cuts expired and went full throttle on January 1st, but our awesome Congress made some cuts from that. So we should be thankful.

Yeah, doing the research we are apparently wealthy too, even though we pay $1000 every month in student loans on top of everything else.

[sniper7]

You've read the entire tax code to come to that conclusion?

Sent from my tactical android.

where is Marlins quote....Sarcasm, Learn it, Know it, Live it....

[Gman]

If my lips or fingers are moving, you can expect it to be sarcasm. I just don't know you that well.

I went through the list of available fonts for replies, and Sarcastica was conspicuously absent.

[BigDee]

Every situation is different.

In my particular situation we file separately. If we were not married my wife would qualify for the earned income credit and we'd get an extra 5k back. Sometimes marriage puts you at a disadvantage when it comes to taxes.

[crashdown]

I used to run it through Turbotax both ways every year to see which works better.
It's free to do that, you don't pay till the end.

[car-15]

I used to run it through Turbotax both ways every year to see which works better.
It's free to do that, you don't pay till the end.

this^^, I let my wife file with both of the kids as hoh and claim all the deductions, she makes less than I do, but we make 6 digits together, and I file straight up short form, I usually pay 12-1,500.00 and she gets 9-10,000.00 back, we pay mine and split the difference, if we were to file together we would only get 4-5,000.00 back.