Sentences with phrase «returns as a married couple»

CapTon's Kaitlyn Ross confirms the Bronx Democrat was asked — and confirmed — that his issue is indeed the provision that would allow gay couples married outside the state to file their state income tax returns as a married couple, regardless of whether or not they can file their federal returns in the same manner.

In short, the provision would allow gay couples married outside the state to file their state income tax returns as a married couple, regardless of whether or not they can file their federal returns in the same manner.

I had a very poignant «seasons of my life» moment (a la Fleetwood Mac's «Landslide») being back in this place where my husband and I dated, returned as a married couple, and then visited again with our son and my in - laws.

Prepare and file their state return as a married couple, using the mock federal return as a reference.

When completing tax returns as a married couple, compare the total amount of tax due between the two filing status options: married filing jointly and filing separately.

Not exact matches

Something new is coming this tax season for some same - sex couples: For the first time, they will file as «married» on their federal return.

Newly married couples, for example, are typically better off filing a joint tax return, but there are circumstances, such as one spouse owing back taxes or having large medical bills, when filing separately may make sense.

To file tax returns jointly, as a married couple?

While Clarke's character treats the married couple who are his tenants (Mary J. Blige, Rob Morgan) as if they are indentured servants, his reprehensible Klansman Pappy (Jonathan Banks) thinks nothing of inflicting pain upon their returning World War II hero son (Jason Mitchell) who refuses to kowtow to white folks.

Newly married couples, for example, are typically better off filing a joint tax return, but there are circumstances, such as one spouse owing back taxes or having large medical bills, when filing separately may make sense.

However, by the IRS rules, only one parent may claim a child as a dependent on a tax return, and divorced couples can't file «married, joint» returns.

Today I want to answer a basic question: why is it almost always better for married couples to file as married filing separately instead of married filing jointly on their Iowa return?

Only one taxpayer may claim any one person as a dependent on a tax return (except, of course, in the case of a married couple filing jointly).

Couples must apply tax law as it applies to married people when preparing this mock return.

When filing as married filing jointly, couples can record their respective incomes, deductions, and exemptions on the same tax return.

This creates the same extra work as for married couples filing separate returns:

The section that follows will discuss married couples who submit tax returns as married filing jointly.

In the past, filing a joint tax return resulted in married couples paying more than if they were to file their returns as single taxpayers.

Because of the Defense of Marriage Act, Angie and Alice can not file as a married couple on their federal tax returns.

As I expected, the Nebraska Department of Revenue says couples in same - sex marriages CAN NOT file their Nebraska tax return as marrieAs I expected, the Nebraska Department of Revenue says couples in same - sex marriages CAN NOT file their Nebraska tax return as marrieas married.

Due to a Treasury Department ruling on August 29, 2013, same - sex couples that have been legally married must file as Married Filing Jointly or as Married Filing Separately on their federal tax retumarried must file as Married Filing Jointly or as Married Filing Separately on their federal tax retuMarried Filing Jointly or as Married Filing Separately on their federal tax retuMarried Filing Separately on their federal tax return (s).

Income For 2006 tax returns, those under the age of 65 must file if they earn a minimum of: — $ 8,450 as single filers — $ 10,850 as head of household filers — $ 16,900 as married couples filing jointly and both husband and wife are younger than 65.

For example, in 2017 the government authorized a $ 6,350 standard deduction for single taxpayers, $ 9,350 for those who file as head of household and $ 12,700 for married couples filing a joint tax return.

• Federal & New York State income tax return filing status: can now file «married» and it entitles them to the marital deduction • Recognized for estate and gift tax; applies even if the couple lives in a jurisdiction that doesn't recognize same - sex marriage; Same - sex married couples can transfer property to each other free of gift tax • If divorcing, spousal maintenance is now a tax deduction for the payor and income for the recipient • Retirement plans are now subject to transfer and distribution on divorce without penalty • Social Security survivor benefits are available as well as social security spousal election • NYS recognizes that a child born of a same - sex marriage is the legal child of both parents

A married couple is treated as a unit in terms of joint tax returns, and joint insurance policies.

Section 121 of the Internal Revenue Code («121 exclusion») provides that property held and used by you as your primary residence for at least 24 months out of the last 60 months can be sold and you can exclude from your taxable income up to $ 250,000.00 in capital gains if you are single (per homeowner / person) and up to $ 500,000.00 in capital gains for a married couple filing a joint income tax return.