#married

Taxes, Filing Married

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Taxes, Filing Married I need some advice, Im in the state of California and im ready to file my taxes. My Husband and I got married in Jan 23 2024 and this year were filing as married we both have two children together Question is, He made 75k and i made 28k Our total is 104k our return would be 1,700 with both our children. If makes more should we file separately? W…

Reddit Personal Finance 670 2025-01-31

30 – Just Married and Residency

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30 – Just Married and Residency My wife (30 F) and I (30 M) got married April 2024. Bought a house together in May 2024 ($2,770 mortgage escrowed). No kids. She is now a resident and makes $68k a year. She has $121k in medical school loans at 6.13% interest rate. She started in mid June 2024, so she generated around $36,000 as income this year. I own my own small business as a…

Reddit Personal Finance 1.1k 2025-01-15

Just Married: How to Reallocate Savings w Majority in ESPP

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Just Married: How to Reallocate Savings w Majority in ESPP Throwaway account as I’m discussing my finances I (28M) got married two months ago and I will be taking the lead on finances. We are in good financial standing with little debt (only mortgage and auto loans) and a good savings base. My savings will be a majority of our savings base together but is not allocated well as most is in an ESPP. I am l…

Reddit Personal Finance 980 2024-12-03

Is being married better for taxes?

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Is being married better for taxes? I recently saw a glimpse of the 2025 new tax brackets and I noticed that it would be very advantageous for a single income household to file as married, but me and my soon to be spouse both have similar paying jobs, would it still be advantageous to file together next year? I am 23 and don’t have too much knowledge about this yet submitted b…

Reddit Personal Finance 1.2k 2024-11-10

Got married May 2024. My husband is not a us citizen/green card holder. Do I tax as single or married?

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Got married May 2024. My husband is not a us citizen/green card holder. Do I tax as single or married? Hi all, just got married May of this year, and I’m not so sure how to file my taxes. My husband is not a US citizen or green card holder so I can’t have us file together, but I saw online that if I do file as married but filing separately, I might owe the government money? There is also an option that I could file single and planning to file as …

Reddit Personal Finance 425 2024-11-05

Recently married and unsure on what to do with the second house.

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Recently married and unsure on what to do with the second house. As the title state’s I am recently married and we are unsure on what to do with our second (my house before we married) house. I moved into my wife’s house shortly before the wedding and have my mother moved in paying the mortgage. Will not go into the details but I am looking to evict her and now contemplating selling or renting it. I bought t…

Reddit Personal Finance 975 2024-06-18

solo travelling while married?

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solo travelling while married? I’m a 31 year old that’s been married for about 5 years now. Me and my wife always do trips together. She loves travelling, as well. We do several trips a year. However, I’ve always had this urge throughout my life to solo-travel and i’ve never done it. I was the main financial provider for my wife and I since we’ve been together (she was finish…

Reddit Travel 1.0k 2024-06-11

43 year old married couple

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43 year old married couple with estimated net worth of $51,000 to invest. Option one: Should couple transfer $51,000 into free roboinvestment such as fidelity or schwab? Pro: couple can save their gains for themselves. Con: will couple spend their gains on a tax expert without a financial advisor? Needs guidance in planning for longterm health care. “Rebalancing trades ca…

Reddit Personal Finance 649 2024-05-03

Forgot to update married status on W4 but spouse did.

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Forgot to update married status on W4 but spouse did. Help please. I made about 90k and he made around 120k. We got married and then he switched jobs and updated his W4 to married – jointly. However I forgot to update my form. TurboTax said we owed 5500 and that’s when I realized the mistake. Is there anything we can do?? submitted by /u/SA7125

Reddit Personal Finance 890 2024-04-22

Just got married, taxes

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Just got married, taxes My husband makes ~110,000 a year and I make ~43,000 a year. We just bought a house. Mortgage is $2400 a month. We’ve gone 50-50 on down payment and monthly payments. My student loans are much lower than his but I have ~10,000 more in debt. We’ll have a child next year. Should we file separately or joint? Thanks. submitted by /u/fuqubish …

Reddit Personal Finance 464 2024-03-01

401k fees question when married

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401k fees question when married I started a new job that has a 401k but it has no company match and it’s fees are about 1.2%. This seems like a lot of money lost over the long run due to these high fees. My wife also has had a 401k for a few years now and her fees are 0.4% and a 50% match up to 3%. We both make 50k each and I want to put away a combined 15% of our net pay to…

Reddit Personal Finance 711 2024-01-20

Married and everything sucks

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Married and everything sucks So recently I went to the ER uninsured- sucks. Racked up 6k, went to apply for financial aid. Says my husband makes too much to qualify. Look into marketplace for info on insurance- Says he makes too much, 400$ month shit insurance. I’m so confused. We got married this year and are filing separately. He had a 86k salary just started this year,…

Reddit Personal Finance 1.3k 2023-12-11

Should we get married?

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Should we get married? My boyfriend is in his mid 50s and I am 50. We’ve been together 5 years and very stable. We are planning retirement. Are there advantages to being married? I know if we don’t I will not get his social security, unless that has changed, I’ve always understood that to be true. Also if married, do we each collect more social security versus being s…

Reddit Personal Finance 1.2k 2023-11-17

45yr, married. Next move?

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45yr, married. Next move? Question is, should we pay off the mortgage at 4% ($1400/mo) or use the cash to invest and beat 4%? How much would we have to beat it by to make investing the better option? $120k yr income I’m a Small biz owner, wife is a public school teacher. $144k mortgage balance 20 yr remaining, 4% ($550k value) Wife has PERS pension, and can retire in 10…

Reddit Personal Finance 188 2023-09-28

Just got Married…. Now What?

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Just got Married…. Now What? Hi everyone! I (M28) married my wife (F28) this past Friday. Besides the continuous cost to our wedding we both do not have any Debt (college, Cars, Bills all paid off). But I have no idea what to do about next step plan financially and would like some help. I have around 50k in investments, Roth’s and 401ks saved. About 2k in savings (wedding…

Reddit Personal Finance 177 2023-08-29

Getting married. What questions do we need to discuss?

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Getting married. What questions do we need to discuss? Recently proposed to my partner and questions about financing is coming up. Anyone have any advice on joint financing or questions we need to ask each other? Ex. Create a joint checking account for rent, food, shared expenses while both of us keep our separate accounts. We have already discussed our student and car debts and we have created a go…

Reddit Personal Finance 203 2023-08-19