The Federal Tax Credits Blog

Question: Filing married for first time, husband in Army, i worked only 2 months from oct – dec 08, bought a house and?

a rv. bought the house in july 08, the rv in dec 08. im a german national and didnt have a ssn until august, then started working in oct-dec, i only paid 68 cent in state taxes haha. husbands fed taxes withheld were 1843.42, he claims 0. we got married in 07 but couldnt file together as i had no social yet. we paid 333.86 in county taxes for the house and 3427.18 in interest in 2008. we already know what we are getting back in state taxes for him, we assume i might have to pay. we also bought a new car in april/may 08, purchased on army post. we have made some home improvements (tile in dining room, patio in back, porch in front) have the receipt. what about the first time home owner credit for 7500? our 10% would be way over that so we would get the 7500 so..any estimates on how much we would get back in fed taxes or in general? thank you to whoever will answer

Answer: you are definitely going to want to talk to a professional. you have several different issues to talk about….

first: you could have filed married for 2007. you would have filed a paper return, but it would have given you a higher standard deduction. all you would have had to do is put ‘applied for’ in the part that asks for your ssn. i suggest you go back and amend the 2007 return and file married filing joint.

second: the house and the RV will prove advantageous for you this tax season. it will give you the opportunity to itemize which could be very good for you. buying the new car could help too, but a tax professional will know exactly what works for your situation.

third: the home improvements won’t be of any use until you guys sell your house. definitely keep your receipts because it will help if and when you sell the house.

In order to give you an accurate answer on what you would get back you would have to give us WAY more information… but I strongly suggest you ask around and find a tax preparer that you can go to and talk to them about all this.

if you don’t feel you can afford something like that you can always look into TurboTax. Its very easy to use and guarantees the highest refund you could get, legally. This website offers 20% off Turbo Tax. http://turbotax.intuit.com/affiliate/intuitrefer

Good Luck!!

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