« on: Jan 21, 2009, 11:34:18 AM »
I ain't got my stinkin W-2 yet
Matt and I aren't sure how we're going to file. I'm going to fill out the forms both "married, filing jointly" and "married, filing separately" and see which way works best to benefit us.
The tables for jointly vs. separately appear different, but should yield identical results. The tax brackets are lower for filing seperately because the total income is higher. The only advantage that I know of for filing jointly is that you can deduct student loan interest. I don't think that filing seperately is ever an advantage unless you're legally seperated. It's easy enough to run the numbers and find out for sure.
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1989 4Runner: Dual Ultimate (Inchworm front & Marlin 4.70 rear), Marlin Twin Stick, 1200-lb clutch, 4.88 R&P, Aussie Front, Detroit rear, 30-spline Longs, Long hub gears, ARP hub and knuckle studs & 35x12.50 Cooper STT PRO tires. Marlin rear bumper & sliders. FROR front bumper. SAS with Alcan springs & Rancho 9000XL shocks. Budbuilt Bolt-on traction bar. Custom Interior Cage by Those Guys Rod and Customs.
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