For questions related to marital issues, e.g. filing jointly, sharing finances, etc. For tax questions, please add a relevant country or regional tag as well.

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3
votes
2answers
71 views

File Taxes: US Expat, now married to foreign national

I live in Sweden and I got married last year to my Swedish wife. We have no children or dependencies. Does she have to file any USA tax forms? Can I just file Married Filing Separately and she does ...
2
votes
1answer
125 views

How big is the tax penalty for a dual income couple? [duplicate]

Multiple articles online alludes to this tax penalty, claiming that dual income couple "can, often, may" suffer from it without giving any concrete sense of the magnitude. Could we do an ...
28
votes
10answers
6k views

How can I legally and efficiently help my girlfriend build equity by helping with a mortgage?

I am in a committed relationship -- but for various reasons don't want to get married. I just bought my first apartment for $200,000 on a 30 year mortgage. My girlfriend will be living with me but her ...
3
votes
2answers
149 views

Is it adventageous to expedite my wedding before the new year for tax savings?

My fiancee and I are engaged to get married next year (July). I make significantly more income does she this year (she was a student this year), but she will be getting a new job that starts in ...
3
votes
2answers
182 views

Marriage Tax Benefits

If two individuals were considering marriage after college, what would the actual tax benefits be? Both are male. Both have full time jobs. In the United States.
2
votes
2answers
84 views

Can I file married filing separately if I already have a Roth IRA but no conributions?

I have a Roth IRA that was opened when I was single in 2014. I made contributions for the tax year 2014. Now in 2015 I still have that account however I did not make any contributions to it for the ...
6
votes
2answers
144 views

US Filing Status when married to non-resident foreigner in the US

I am US citizen living in the US getting married to a non US citizen who is studying here on a non-immigrant J visa. While she is the in the US, she has and will have no income. In a year or two, we ...
2
votes
0answers
132 views

Downsides to refinancing with only one spouse?

My wife and I are talking with a lender about refinancing our home loan. Currently, our loan is in both of our names, as is the title. (This is a Lien Theory state, if relevant.) The house was ...
5
votes
1answer
657 views

Income tax withholding for single person vs. married person?

Page No: 45 of this IRS publication http://www.irs.gov/pub/irs-pdf/p15.pdf gives the Percentage Method Tables for Income Tax Withholding. I am married, but my spouse works as well. In my case, will ...
5
votes
3answers
149 views

Do individual retirement account balances matter for a married couple?

Do individual retirement balances matter for a live-happily-ever-after married couple? Say both spouses qualify for a workplace retirement plan. Spouse A enjoys a company match for x% and has many ...
0
votes
1answer
179 views

US Taxes: Married Filing Separately vs Single Filing for NonResident Aliens

My spouse and I are both graduate students in F-1 status for the last year 2014. I thought we could file a joint federal tax return, but now, as per this link on IRS website, it seems non-resident ...
3
votes
2answers
153 views

Can I claim my daughter as a dependent on my 2014 tax return even though she got married in August?

Can I claim my daughter as a dependent on my 2014 tax return even though she got married in August? She did not live at home but was a full-time student for at least 5 months out of the year, and we ...
6
votes
1answer
398 views

My spouse and I can make a budget, but how can I get her to consistently follow it? [closed]

This question is similar to this question: I can make a budget, but how can I get myself to consistently follow my budget? except from the point of view of a married couple. In our family I earn the ...
3
votes
1answer
215 views

Filing jointly and wife as father-in-law dependent

I'm an independent contractor attempting to figure my estimated tax payments for 2014, and I have the following situation: I'm getting married in June and plan to file jointly for 2014. Will my new ...
2
votes
3answers
111 views

Which businesses provide financial planning services for newly married couples?

My fiance and I want to start preparing for our economic future; specifically buying a home, planning for children, and our eventual retirement. We both have work 401(k)'s but would like more help ...
3
votes
2answers
329 views

Should I File a W-4 Next Year If I File One In The Middle Of This Year?

We recently became married and we will soon be filling out a W-4 and submitting it to our employers. The question on my mind as we're filling out the W-4 is, should we be submitting a new one on Jan ...
8
votes
1answer
916 views

Due to the repeal of DOMA, can I exclude imputed income if I amend prior year returns?

My wife and I each cover the other under our employee health coverage (belts and suspenders, ok?) and therefore each incur imputed income on the value of that coverage. We live in a state that ...
2
votes
1answer
98 views

For Tax Purposes, What Does “Provide at Least Half the Cost” Mean?

If I am separated (no legal decree) from my husband for just over two years and have been unable to work due to caring for children and illness. I get ~$3700/month from him labeled as "Separation ...
0
votes
1answer
1k views

Effect of community state laws on Married Filing Separately filing status

While I am a non-resident for tax purposes and have an income, my wife is resident for tax purposes and does not have an income. We are residents of California and I was wondering how its community ...
5
votes
1answer
92 views

Complications dividing real estate for a married couple vs unmarried

What complications should be expected when an unmarried couple's relationship fails after they have purchased a house together? How does this situation compare to that of a married couple?
5
votes
2answers
1k views

What financial changes to expect after you get married?

I am not asking about the sort of things to expect when living together or anything like that. My girlfriend and our son and I already live together, and I already claim them as dependents. What I am ...
0
votes
1answer
138 views

Possible pro-rated division of asset strategies without a prenup?

Example: I have $100,000 in the bank. I get married. We start a joint account from scratch. All future salaries and bills from both of us come and go from here. Is there any way to keep the $100,...
3
votes
1answer
166 views

Married filing separately

We recently got married and I'm thinking ahead, just because I want to be prepared. :-) We both work FT jobs, but I also have a side company creating web applications. It's a single member LLC that ...
4
votes
2answers
5k views

Should we combine credit cards after getting married?

I am about to get married and we will be combining finances, so please base your suggestions off of the assumption that our finances will be fully combined. I currently have 3 credit cards of which 1 ...
11
votes
1answer
265 views

What are the advantages of a prenuptial agreement?

Why people don't do them? and why people do? Does it makes financial sense to do them?
10
votes
1answer
243 views

If you're married, can you still file an income tax return as a single individual?

Roth IRA limits on income make it advantageous for my wife to file single. We are getting married this year in November. The IRS says that if you are married filing separately, that essentially she ...
5
votes
1answer
181 views

Marriage merger of finances and continuity of records

I just got married last week. Yay! I've been using Microsoft Money for 15 years. I have one gigantic file that has all of my transactions since early 1996 in it. I can use it to generate all kinds ...
8
votes
6answers
2k views

How to keep control of shared expenses inside marriage?

I've been married for a couple of years now, and we've been playing pretty loose with our finances (we keep separate accounts and like to pay more or less equally for our common expenses). Lately, we'...
25
votes
9answers
2k views

Which practice to keep finances after getting married: joint, or separate?

My wife and I have been keeping our finances separate for a long time. Some of my friends just put everything in a big pot. We each have our own pot, but then we have a common pot where we put all ...
14
votes
3answers
1k views

Need advice about my financial situation

Here is my living situation in a nutshell Live in California 2 kids (7 and 11) Ex-wife I am almost 40. I rent Financial situation: Make about $170k (includes regular job + moonlighting) before ...
5
votes
2answers
142 views

What debts are both partners liable for in a 'community property' state?

I've just come across this article over on the mintlife blog and noticed that I do live in one of the ten community property states. I'm not overly familiar with this particular concept (keep in mind ...
8
votes
2answers
431 views

Married during the tax year, how does that work

I got married this last year in December. I had done my taxes as if I was not married and had no dependents, which was correct in January. My wife currently does not have a job. Should this effect ...
4
votes
2answers
538 views

Is it financially-beneficial (tax-wise) for couples to be married, or to remain common-law, in Canada?

Which is more beneficial to your bottom-line (disregarding the cost associated with actually getting married, and assuming no children are involved).