What is the name of your state (only U.S. law)? RI
Wife and I will have a newborn in 2009. We both work, me being the higher wage earner.
Right now, we each claim "Married 0" and get a small refund at the end of the year.
Once the baby is born (and we are both back to work), can we BOTH claim "Married 1" or should ONLY I claim "Married1" to ensure that we do not owe at the end of the year.
Note: We are homeowners who pay a substantial amount of interest, combined income of about $120K
Wife and I will have a newborn in 2009. We both work, me being the higher wage earner.
Right now, we each claim "Married 0" and get a small refund at the end of the year.
Once the baby is born (and we are both back to work), can we BOTH claim "Married 1" or should ONLY I claim "Married1" to ensure that we do not owe at the end of the year.
Note: We are homeowners who pay a substantial amount of interest, combined income of about $120K