MIT Engineers

10ac · Post by **10ac** » Fri Feb 07, 2014 3:44 pm

What a putz.

Owlman · Post by **Owlman** » Fri Feb 07, 2014 7:13 pm

Lassie hater

eCat · Post by **eCat** » Fri Feb 07, 2014 9:54 pm

great lakes iced over

eCat · Post by **eCat** » Sun Feb 09, 2014 3:27 pm

I'm sure this is a yearly rant for me but I just finished doing my taxes. On the one hand I want to pay my obligation, but on the other hand it just pisses me off that with tax software I can see what our tax burden would be individually versus married.

For example, if my wife filed single she'd get a 4500 refund back (and that's not even considering the 2 children deductible that we waved bye bye too several years ago) and if I filed single my tax burden is about $800.

Not that I'm not up to speed on taxes but I would suspect I just can't file single if we were living together with kids, I guess it would require that I file head of household ? I don't know, but what I do know is if we were divorced and living together our tax burden would be several thousand less than what it is combined. As of now I have to pay a little over $1600. So that's a swing of $5200

That sucks.

sardis · Post by **sardis** » Sun Feb 09, 2014 4:03 pm

Something doesn't sound right about that.

eCat · Post by **eCat** » Sun Feb 09, 2014 4:08 pm

The only thing I can figure is that I woud have to file head of household which has a substantially higher tax hit.

Owlman · Post by **Owlman** » Sun Feb 09, 2014 4:14 pm

Doesn't sound right. I'd check with an accountant if I were you.

eCat · Post by **eCat** » Sun Feb 09, 2014 4:15 pm

it just the tax software

I'll look at it again, but I think a big part of it is she doesn't clear 25K a year

sardis · Post by **sardis** » Sun Feb 09, 2014 5:26 pm

If she claimed head of household with dependents at that salary level she would get a huge refund with EIC and child tax credits. That may outweigh the disadvantage of you filing single vs. married filing joint.

eCat · Post by **eCat** » Sun Feb 09, 2014 5:42 pm

hmm..never thought to try that.

I'll check it out.

eCat · Post by **eCat** » Sun Feb 09, 2014 6:11 pm

don't see any way we could file head of household based on the rules.

Owlman · Post by **Owlman** » Sun Feb 09, 2014 8:37 pm

Most of the time, being married is a huge advantage tax-wise. eCat may be in that small niche where it isn't. Being married, I'm of course supportive of the marriage benefit. My BIL, now divorced complains about how much more in taxes he pays than if he was married to a working woman.

eCat · Post by **eCat** » Sun Feb 09, 2014 11:25 pm

I caught where I messed up - I was applying her rate as married, not single....so I'm looking at what she would have got back filing married but individually which isn't possible.

Bklyn · Post by **Bklyn** » Mon Feb 10, 2014 2:27 am

I use professionals nowadays and said bye bye to Turbo Tax. Pros do better with all of this shit...and my undergrad degree is in accounting and I still have no desire to fuck with it.

sardis · Post by **sardis** » Mon Feb 10, 2014 7:54 am

eCat wrote:don't see any way we could file head of household based on the rules.

You can't while married. I was saying she could use head of household if you both were single. For comparison purposes.

crashcourse · Post by **crashcourse** » Mon Feb 10, 2014 10:10 am

"For example, if my wife filed single she'd get a 4500 refund back (and that's not even considering the 2 children deductible that we waved bye bye too several years ago) and if I filed single my tax burden is about $800."

actually that has been what my son and commonlawdaughter in law have been doing

she qualified for earned income credit becuase they werent married and head of household--she then gave part of that to my son --even though they have lived together for 6 years it was better for them not getting married --and her claiming my grandson.

I think she makes too much now to get EIC but it helped for a few years.

now he has no excuse not to marry her

which she reminds him every day

eCat · Post by **eCat** » Mon Feb 10, 2014 4:24 pm

taxes on Sunday

$5600 in braces today

I'm buying that motorcycle goddammit

eCat · Post by **eCat** » Mon Feb 10, 2014 4:24 pm

(I say here what I can't say to my wife)

Owlman · Post by **Owlman** » Mon Feb 10, 2014 4:50 pm

We all do (and hope they never come on here and read any of our posts)

Jungle Rat · Post by **Jungle Rat** » Mon Feb 10, 2014 9:57 pm

Yeah. Make sure you logout.

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