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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.

0 votes

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

Many money issues within a marriage come from a combination of income disparity and disagreement on spending. …
JTP - Apologise to Monica's user avatar
8 votes

Married during the tax year, how does that work

As soon as you are certain of the pending marriage, it would be in your best interest to adjust the W4 accordingly. If you leave it as single, you stand to get a large refund. …
JTP - Apologise to Monica's user avatar
5 votes

How to keep control of shared expenses inside marriage?

Why not start a third account, the "house" account? However you decide to fund it, equally or in proportion to income, you both chip in, and the payments for all joint expenses come from there. Rent, …
JTP - Apologise to Monica's user avatar
3 votes

Marriage Tax Benefits

As incomes rise, you can see, a marriage penalty kicks in. Two high earners can do the math to see what the joy of marriage costs, in dollars and cents. (The numbers below reflect 2016 tax rates) …
JTP - Apologise to Monica's user avatar
10 votes

Bought a house last year should I hire a tax consultant?

There's no reason to file separately. And your situation is pretty simple. You can use the most basic level of tax software. In fact, given that we are less than 3 weeks to tax day, any tax guy wort …
JTP - Apologise to Monica's user avatar
40 votes
Accepted

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

Have her chip in for the regular expenses, utilities, food, etc., and a bit for "rent." Then tell her to be sure to deposit to her retirement account, preferably a matched 401(k). It's admirable to …
JTP - Apologise to Monica's user avatar
2 votes

Computing federal withholding for wife's W4 for new job, and if I need to adjust mine?

Yes, there it is. Pub 15 is, in my opinion, the way to confirm your understanding. One can use the W4 worksheet, but Pub 15 tells you what result to expect. You wrote "calculations are missing one …
JTP - Apologise to Monica's user avatar
4 votes
Accepted

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

Absent a pre-nup, it's a case of "lawyer vs lawyer," you can't count on protecting what you came into the marriage with. …
JTP - Apologise to Monica's user avatar