make more married???

Discussion in 'Trucker Taxes and Truck Financing' started by zackery2011, Nov 11, 2014.

  1. Jimmbuds

    Jimmbuds Medium Load Member

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    I gather you are not getting any miles? I hope they aren't keeping you out on the road?
     
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  3. xsetra

    xsetra Road Train Member

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    I doubt you would have any tax benefit for 2014. Does she file. You didn't mention if she gets a refund. You might be money ahead filing separate returns. Good luck
     
  4. KenworthGuyNH

    KenworthGuyNH Road Train Member

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    A kind word of advice.........if you get married.........STAY married......the divorce plan will make you poor quick.
     
  5. bergy

    bergy Road Train Member

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    Save money by being married... now that's funny.
     
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  6. skateboardman

    skateboardman Road Train Member

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    it really is, isn't it?
     
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  7. Junkcanoe

    Junkcanoe Bobtail Member

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    Springfield, MO
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    There aren't really any tax incentives for getting married at all unless there is a major difference in income between the couple. When you file jointly, tax brackets, standard deductions, etc. simply double.
     
  8. dog-c

    dog-c Road Train Member

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    marriage is the biggest mistake you can make if you're only doing it for financial incentives. The divorce rate is %50 and it's not a good business decision. Marriage is a dying tradition - it belongs in the 20th century
     
  9. JohnBoy

    JohnBoy Road Train Member

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    Lake Worth, FL.
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    Have you thought about changing employers? I'm thinking that might be a better alternative financially then the marriage route.
     
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  10. heavyhaulerss

    heavyhaulerss Road Train Member

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    It's cheaper to keep her. all kidding aside you need to to a to a c.p.a.
     
  11. willisl64

    willisl64 Light Load Member

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    Jul 12, 2014
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    Not true. The deductions increase because you can claim your spouse, and the tax brackets greatly favor a married couple. Example, the 15% tax bracket cuts off at $753 per week after allowances (for both husband and wife's income), and it cuts off at $1582 per week after allowances (for both husband and wife's income). If you and your spouse each make $1000/week and file as single, each person will have $160 in Federal tax with holdings (0 allowances). If you and your spouse file as married, each person would have $109 with held weekly. Difference of $102 per week for the couple in federal with holdings. Some quick math says a savings of $5300 in Federal with holdings for the couple for the year.

    BUT - if you are only going to gross $20K this year, you will not pay anything in Federal income tax, and you may well show a net loss on the year. How do companies get away with paying first year drivers sub poverty wages??? Our industry is screwed up.
     
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