The wife and I will be filing our taxes together this year for the first time ever, up until now since she is self-employed we filed "Married, Separately" or whatever the term is.
Also up until this month, the house has always been in only my name and we refinanced it into both of our names.
Her account has assured he can work it out so that my tell whose responsibility is whose (ie, my refund this year not paying her self-employment tax and [yes I know all about not giving the Feds an interest-free loan, blah blah blah don't care]).
- Will filing together be a bonus or a penalty for us? (We have no children)
I always saved money by filing jointly. Before and after having kids.
With that being said, I always run the numbers separately and then jointly through Turbotax just for the hell of it.
That's good to know. I know her accountant (sorry for the sloppy editing up there) said from looking at my last few years returns she could have made my return higher, but I don't think enough to mess with refiling.
I'm really hoping for my normal sized return (or larger) this year, since the Miata needs yet another engine and am just going to go ahead and VVT swap it and through in a Torsen as well.
Ian F
UltimaDork
11/26/13 9:27 p.m.
The only thing I have any experience with is the house: if filing separately, only one of you can claim the house interest and taxes on your itemized deductions.
