Should My Husband And I File Jointly?

[Unregistered]

This is my first year in business. I run a small for profit center in a rented building. I have only been in business four months so I have 8 months of income from my prior job. So should my husband and I still file jointly? I am a little overwhelmed with the whole tax situation and my husband is worried that my business will hurt us somehow when getting a tax refund? Please Tom, help!!!

[Michael]

May be some information here: https://www.daycare.com/forum/tags.p...filing+jointly

[Unregistered]

Thank you!!

[TomCopeland]

file jointly

This is my first year in business. I run a small for profit center in a rented building. I have only been in business four months so I have 8 months of income from my prior job. So should my husband and I still file jointly? I am a little overwhelmed with the whole tax situation and my husband is worried that my business will hurt us somehow when getting a tax refund? Please Tom, help!!!

You are almost certainly better off filing jointly. If you are using a tax preparer, she/he can tell you which way is better for you. But in 99% of the situations you want to file jointly.

[Unregistered]

Thank you Tom!! I think my next purchase will be a couple of your books