New husband doesn't get it.
> > > I have a question for you: > I have already done my USA taxes as a single person.If I add my new > Canadian wife as a dependent I would be getting an additional $5000+ > $3200 deduction(about $1600 net savings);looks great,but since my > wife works , I should have to add about $25000 to my > income,therefore I do not see any advantage in doing that. > Am I correct ,or there is any wrinkle somewhere that I do not > know ???? Please advise. ------------------------------------------------------ david ingram replies: There is a wrinkle that you do not know. - - - - -- - Plus is you are married, filing as a single person is illegal 0 you should be filing as MFS (married filing separately), - - - - - - - - -- PS = take a look at form 2555 You should be filing a joint return as well. Glad to look after it for you this first year ----------------------- David Ingram's US/Canada Services US / Canada / Mexico tax, Immigration and working Visa Specialists US / Canada Real Estate Specialists Home office at: 4466 Prospect Road North Vancouver, BC, CANADA, V7N 3L7 Cell (604) 657-8451 - (604) 980-0321 Fax (604) 980-0325 Calls welcomed from 10 AM to 10 PM 7 days a week (please do not fax or phone outside of those hours as this is a home office) email to taxman at centa.com www.centa.com www.david-ingram.com Disclaimer: This question has been answered without detailed information or consultation and is to be regarded only as general comment. Nothing in this message is or should be construed as advice in any particular circumstances. No contract exists between the reader and the author and any and all non-contractual duties are expressly denied. All readers should obtain formal advice from a competent and appropriately qualified legal practitioner or tax specialist for expert help, assistance, preparation, or consultation in connection with personal or business affairs such as at www.centa.com. If you forward this message, this disclaimer must be included." Be ALERT, the world needs more "lerts" David Ingram specializes in giving expert income tax and immigration help to American and Canadian citizens living out of their home countries from Zimbabwe to Saudi Arabia to Mexico to China or Chile - Cross border, Non-resident - dual citizen - out of country investments are all handled with competence and authority. This from "ask an income tax and immigration expert" from www.centa.com or www.jurock.com or www.featureweb.com. 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