I got tied together at the finish of June, distant from my mother in Sep and filed for Divorce in November. Due to state laws per divorce (TX) there’s a 60 day watchful duration until the divorce direct will be final, that would not be probable until after the 1st of the brand new year. I am a full time connoisseur tyro with $0 income from W2 this year, my shortly to be ex-wife creates about $46k. I theory my questions are: 1) When does the taxation year finish in conditions of reckoning out if I even need to be concerned about if I am still tied together for taxation purposes? 2) If I am “married” for taxation purposes, am I compulsory to record a corner return? 3) If I am “married” for taxation purposes, would it be to my value to record alone (again I have no income and am vital off of tyro loans and my shortly to be ex-wife functions as a teacher)?
Hopefully it wouldnt have a difference, but I’d rsther than not speak to my ex and figure out what her finance management have been if I can equivocate it. Also I live in TX, so this is quite a Federal Income Tax subject given there is no state income tax. Thanks for any and all help.
Related posts:
- I MAKE $16000 A YEAR. WILL I GET TAX RETURN?
- TAX RETURN PERSONAL EXEMPTION QUESTION?
- DOES THIS SOUND LIKE THE RIGHT AMOUNT FOR MY TAX RETURN? IT DOESN’T SEEM FAIR =(?
- ABOUT WHAT CAN I EXPECT TO BE LOOKING AT FOR A TAX RETURN THIS YEAR?
- HAS ANYONE GOTTEN A MESSAGE LIKE THIS FROM THE IRS WHILE CHECKING THE STATUS OF THEIR 2010 TAX RETURN. . . ?
{ 2 comments… read them below or add one }
Short answer: You don’t have to file jointly.
Explanation:
Your choices are Married Filing Jointly (MFJ) and Married Filing Separately (MFS). Unless you have other income (interest, dividends, capital gains, etc.), you won’t pay much more, if anything, if you opt to file MFS. Your soon-to-be ex-wife will likely have to pay more tax under MFS status.
The tax year is a calendar year for more than 99% of people in the United States. According to what you stated, your divorce will not occur until next year unless you are able to get the marriage annulled. (An annulment is like saying the wedding never took place. Laws on annulments differ between states.)
You are not required to choose MFJ over MFS. Most couples are better off filing jointly. However, in your case, you are better off filing separately so that you can be isolated from anything on your wife’s tax return. You state you don’t have income, so the tax difference between the two filing statuses will be little if not zero.
I hope this helps.
Gary
this is something that should be worked out between the two of you but from your information, it appears to me that is it to her advantage to file married separately
since you have no income it really doesn’t matter
filing jointly could be an greater advantage for her but separately she takes advantage of what actually belongs to her
for 2009, you are married