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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0answers
40 views

Pros and Cons of Credit Cards (and proper usage) [duplicate]

I am getting married soon, and my fiance and I are discussing money issues so that we will be on the same level about it. We plan on having joint everything, but we can't seem to agree on the topic of ...
1
vote
0answers
79 views

Why isn't student loan interest deductible for married filing separately?

I understand one of the qualifiers for taking student loan interest deduction, as outlined in topic 465, among other places, is that you are not married filing separately. I always assumed this was ...
6
votes
1answer
190 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
152 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
82 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
126 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
723 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
80 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
651 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
82 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
106 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 ...
3
votes
1answer
131 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
2k 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 ...
9
votes
1answer
179 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
175 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
158 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 ...
6
votes
6answers
839 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, ...
24
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
747 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 ...
4
votes
2answers
117 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 ...
7
votes
2answers
346 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 ...
3
votes
2answers
473 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).