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KaRiSsA
~*~*~*~*~*~*~
Member since 5/05 4646 total posts
Name:
KARISSA
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If you are married...what do you claim for taxes on your check, married or single?
Does it matter? Which is better? I am single 0 now. 
Message edited 4/18/2006 7:22:17 AM.
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Posted 4/18/06 7:07 AM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
Tah-wee-ZAH
Kisses
Member since 5/05 15952 total posts
Name:
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Re: If you are married...what do you claim for taxes, married or single?
Married. It was better for our personal situation.
So far we didn't have to pay this year and that is with selling investments to buy our home. DH originally figured we should have gotten A LOT (about 4X) more back.
We have since changed our withholding. I'd rather have my money in the bank earning interest. I don't let anyone make money on my money if I don't have to. If I ever have to pay we will take it out of our money market account.
Message edited 4/18/2006 8:19:42 AM.
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| Posted 4/18/06 7:20 AM |
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Michelle
My Little Yankee Fans
Member since 1/06 4018 total posts
Name:
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Re: If you are married...what do you claim for taxes on your check, married or single?
I claim single zero as does husband but we get too much withheld, but we like it because it is a forced savings.
Single zero has more taxes withheld then married zero. The only downfall to having too much withheld is that you are losing the interest you could have earned if you invested the money or saved it. The IRS doens't give interest to hold your money.
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| Posted 4/18/06 7:55 AM |
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meganNbobby
Our Family is Complete
Member since 5/05 2774 total posts
Name:
Megan
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Re: If you are married...what do you claim for taxes on your check, married or single?
it's better than shelling out $$$$ at the end espdecially when you dont have it.... we learned the hard way
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| Posted 4/18/06 7:58 AM |
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VickiC
Rocking the party
Member since 5/05 4937 total posts
Name:
Vicki
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Re: If you are married...what do you claim for taxes on your check, married or single?
We both claim single 0 and I have extra money taken out for both the state and federal. I'd rather get that money back then to have to owe it.
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| Posted 4/18/06 8:16 AM |
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MelissaG
LIF Toddler
Member since 5/05 426 total posts
Name:
M
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Re: If you are married...what do you claim for taxes on your check, married or single?
Posted by KaRiSsA
I am single 0 now.
Ditto
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| Posted 4/18/06 8:32 AM |
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dandj
Love of my life....
Member since 5/05 3687 total posts
Name:
Denise
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Re: If you are married...what do you claim for taxes on your check, married or single?
WE are both single 0 - they take out the most that way and we still had to pay State.
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| Posted 4/18/06 8:35 AM |
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Diane
Hope is Contagious....catch it
Member since 5/05 30683 total posts
Name:
D
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Re: If you are married...what do you claim for taxes on your check, married or single?
I claim 1. I never do 0 anymore because they take out more taxes. i would rather have that extra $$ in my paycheck than 1 day out of the year in April. Plus we always get $$$ back anyway.
It is btter to break even .
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| Posted 4/18/06 8:38 AM |
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NoStressMom
My Heart and Soul
Member since 5/05 11122 total posts
Name:
D
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Re: If you are married...what do you claim for taxes on your check, married or single?
Zero
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| Posted 4/18/06 8:40 AM |
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dengal
Dad of Twins
Member since 5/05 1385 total posts
Name:
The 80's Man
Let's Go Mets!
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Re: If you are married...what do you claim for taxes on your check, married or single?
Zero for us
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| Posted 4/18/06 8:42 AM |
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eroxgirl
My Loves
Member since 5/05 15697 total posts
Name:
Rebecca
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Re: If you are married...what do you claim for taxes on your check, married or single?
We claim single 0. I know if we had the money in our hands we'd probably just spend it so this way is better for us.
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| Posted 4/18/06 9:00 AM |
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MrsRbk
<3 <3 <3 <3
Member since 1/06 19197 total posts
Name:
Michelle
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Re: If you are married...what do you claim for taxes on your check, married or single?
I'm married 0, he claims married 1
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| Posted 4/18/06 9:11 AM |
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baghag
:P
Member since 5/05 10278 total posts
Name:
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Re: If you are married...what do you claim for taxes on your check, married or single?
married, 0
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| Posted 4/18/06 9:12 AM |
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skew
LIF Adult
Member since 5/05 6794 total posts
Name:
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Re: If you are married...what do you claim for taxes on your check, married or single?
Posted by Diane
I claim 1. I never do 0 anymore because they take out more taxes. i would rather have that extra $$ in my paycheck than 1 day out of the year in April. Plus we always get $$$ back anyway.
It is btter to break even .
same thing, i agree.
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| Posted 4/18/06 9:14 AM |
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MissJones
I need a nap!
Member since 5/05 22132 total posts
Name:
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Re: If you are married...what do you claim for taxes on your check, married or single?
Posted by MrsRbk
I'm married 0, he claims married 1
We're the reverse!
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| Posted 4/18/06 9:17 AM |
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Lisa
I'm a PANK!!!
Member since 5/05 22334 total posts
Name:
Professional Aunts No Kids
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Re: If you are married...what do you claim for taxes on your check, married or single?
we are both single 0 and he has an extra $15 each paycheck taken out for state! I hate NY state!! 
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| Posted 4/18/06 9:20 AM |
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Wendy
Wheeee!
Member since 5/05 13736 total posts
Name:
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Re: If you are married...what do you claim for taxes on your check, married or single?
Posted by Michelle
The only downfall to having too much withheld is that you are losing the interest you could have earned if you invested the money or saved it. The IRS doens't give interest to hold your money.
And you are giving the government an INTEREST FREE LOAN!!!!
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| Posted 4/18/06 9:25 AM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: If you are married...what do you claim for taxes on your check, married or single?
Posted by Diane
I claim 1. I never do 0 anymore because they take out more taxes. i would rather have that extra $$ in my paycheck than 1 day out of the year in April. Plus we always get $$$ back anyway.
It is btter to break even .
I agree- I don't want to give the gov't my money interest free!
Also, we claim married 1 each. We still get back. I don't want to owe so I don't claim more and it changes from year to year. We adjusted our withholding so we could afford the monthly expenses of the house. Now we have another condo and will probably adjust it again.
Message edited 4/18/2006 9:39:36 AM.
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| Posted 4/18/06 9:38 AM |
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dpli
Daylight savings :)
Member since 5/05 13973 total posts
Name:
D
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Re: If you are married...what do you claim for taxes on your check, married or single?
I claim single, 0, DH claimed married, 1 and we had to pay both federal and state/city. So, he is going to change to 0 also.
Everyone's situation is different, and you can change what is taken out later, if they are taking too much out. The problem with not taking enough out for us is not only that we owe, but this year had to pay a slight penalty because of it
Message edited 4/18/2006 9:54:07 AM.
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| Posted 4/18/06 9:53 AM |
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lorich
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Member since 6/05 9987 total posts
Name:
Grammie says "Lora Gina"
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Re: If you are married...what do you claim for taxes on your check, married or single?
We're both Single 0 AND I get an extra $5 taken out of State and he gets an extra $10 taken out of State.
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| Posted 4/18/06 9:57 AM |
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ODonnell
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Member since 9/05 5983 total posts
Name:
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Re: If you are married...what do you claim for taxes on your check, married or single?
We were married for only 2 months of 2005 and I worked the numbers both married and single filing jointly. We got the biggest refund filing jointly as single.
Since then we have both adjusted our withholding - me as married 1 and DH as married 0. It's so worth getting the extra in our paychecks and I'm sure we will still get a refund when we file for this year.
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| Posted 4/18/06 10:02 AM |
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tann22
LIF Adult
Member since 6/05 2421 total posts
Name:
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Re: If you are married...what do you claim for taxes on your check, married or single?
we both file single 0
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| Posted 4/18/06 10:21 AM |
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Michelle
My Little Yankee Fans
Member since 1/06 4018 total posts
Name:
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Re: If you are married...what do you claim for taxes on your check, married or single?
Posted by ODonnell
We were married for only 2 months of 2005 and I worked the numbers both married and single filing jointly. We got the biggest refund filing jointly as single.
Since then we have both adjusted our withholding - me as married 1 and DH as married 0. It's so worth getting the extra in our paychecks and I'm sure we will still get a refund when we file for this year.
Just to let you know, it doesn't matter how many days in the year you are married, you have to file joint or joint filing sperate if you are married at 12/31.
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| Posted 4/18/06 10:24 AM |
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MrsS2005
Mom of 3
Member since 11/05 13118 total posts
Name:
B
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Re: If you are married...what do you claim for taxes on your check, married or single?
I thought once you were married, you can't file as single anymore and the only options were to file married joint or married separate. Is there an advantage to filing single as opposed to married? I thought the "marriage penalty" was eliminated a few years ago.
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| Posted 4/18/06 12:54 PM |
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nrthshgrl
It goes fast. Pay attention.
Member since 7/05 57538 total posts
Name:
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Re: If you are married...what do you claim for taxes on your check, married or single?
I claim married 0.
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| Posted 4/18/06 1:00 PM |
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