Ask Experts Questions for FREE Help !
Ask
    rsvkus's Avatar
    rsvkus Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 18, 2006, 04:23 PM
    To file jointly or separately? Help needed please
    Need help chosing best filing option for my wife and I.

    We live in NJ, I work in NYC, wife works in NJ. Is it better to file jointly or separately? NY taxes on NY income only, but does use total income (wife + mine) for rate base calculations. Wondering which filing options would be best...

    Another question. NJ taxes all income that is not taxed by NY. So if NY gives a standard deduction of say $7000 on NY income, do we end up paying tax on that $7K in NJ?

    Thanks for any help..
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Mar 18, 2006, 10:43 PM
    RsvKus:

    The best way to figure that out is to use tax software and calculate the taxes both ways! That's what I would do if I decided to answer your question, which I will NOT because I am rather busy now.

    NJ actually gives you a dollar-for-dollar credit for the NY taxes paid against your NJ taxes, so the NY standard deduction is not an issue on your NJ taxes.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Wanted to file taxes jointly, we are on J1/J2 visas [ 3 Answers ]

Hi, I'm on J1 visa, came to usa on 09/2004. I'm from India and a non resident both for tax purpose and immigration purpose. My wife who is on J2 visa worked for a little time in the year 2005. She stopped working as she was a pregnant, we had our baby on 12/22/05. Now we wanted to file jointly (as...

H1B starting on 3/1/05, may I file form1040 jointly with noresident husband? [ 1 Answers ]

I am a Chinese. My OPT ended in 2/28/05. My fisrt $5000 was tax free because of the treaty. However, my SS and medicare tax were withhold for these two months under my OPT. My H1B started on 3/1/05. I would gratefully appreciate your help on the following questions: 1) Am I a dual-status...

Married Dual State Tax (NY , PA).. File Separately? [ 1 Answers ]

Hi All, I have a question. I recently started a job here in PA (state flat rate tax ~3.07%) and commute back to NYC on the weekends. My wife still lives/works in NY (city and state ~10%). We haven't decided on whether to move to PA or not. For this year should I change my address to a place...

Help needed: Form to file 1040NR? [ 1 Answers ]

Hi, Before I start with my question, Thanks to AtlantaTaxExpert for patiently answering the questions to all.It does really help us many reading your posts. I got most of the information I require from the questions other people have asked. I am trying to follow this post for my decisions...

Win98se cab file needed [ 4 Answers ]

I'm installing a USB card in my PC, all drivers are loaded, but I seem to have lost or misplaced my Win98se disk to compleat the install, can anyone help the file is: Base5.cab If anyone can help I would be so grateful.

View more questions Search