Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Can my husband file single stay under the 15% and avoid the…

Customer Question
Mark, Can my husband file...
Mark, Can my husband file single stay under the 15% and avoid the Capital Gains?
Submitted: 7 months ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 1 hour by:
11/21/2017
Tax Professional: Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional replied 7 months ago
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional
Category: Tax
Satisfied Customers: 2,613
Experience: IRS Licensed Enrolled Agent, CDFA ® CFP ®, MBA
Verified

Hello, my name is ***** ***** I am available to assist you with your question today.

If your husband files as Married filing separately, he would need to have an adjusted gross income of below $37,950 to be taxed 15% for federal income tax and 0% for Long Term Capital gains.

Ask Your Own Tax Question
Tax Professional: Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional replied 7 months ago

Please let me know if I was able to answer your question clearly or if you would like for me to expand on my answer.

Thank you

Ask Your Own Tax Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a tax professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Chad EA, CDFA®, CFP® Your Own Question
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional
Category: Tax
Satisfied Customers: 2,613
2,613 Satisfied Customers
Experience: IRS Licensed Enrolled Agent, CDFA ® CFP ®, MBA

Chad EA, CDFA®, CFP® is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
Example: I want to sell my property.(Condo in Chicago,IL) I
Example: I want to sell my property.(Condo in Chicago,IL) I purchased it and occupied it as a primary residence since January 2016.I would like to sell it and maybe buy another condo,in a different ar… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,327 satisfied customers
I am an equities trader trying to profit from daily market
I am an equities trader trying to profit from daily market fluctuations. Instead of reporting capital gains and losses on schedule D, would it be better to report it as a sole proprietor as business i… read more
TaxWhisperer
TaxWhisperer
Principal
Master's Degree
24 satisfied customers
I will have income of $50,000 in 2011 and my Marginal Income
I will have income of $50,000 in 2011 and my Marginal Income Tax rate without Capital gains will be under 10%. I will have a private stock sale long term capital gain of 1.5 Million dollars can you te… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
We have an offer to buy our veterinary practice, building and
We have an offer to buy our veterinary practice, building and land. It is a partnership and both parties wish to sell. We speak with our CPA tomorrow. We received the offer last weekend and it was uns… read more
BK-CPA
BK-CPA
Bachelor's Degree
687 satisfied customers
if a parent has a vacation home with a substantial capital
if a parent has a vacation home with a substantial capital gain and wishes to sell it to a child and not pay capital gains tax, are any devices available?… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
Do I have to pay capital gains tax to Federal and State on
Do I have to pay capital gains tax to Federal and State on the amount of the sale of my home after I deduct what I paid, improvements, and $250,000? I am single and have owned the home for 16 years. D… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
I am engaged and currently own my own home (I was widowed over
I am engaged and currently own my own home (I was widowed over 5 years ago). My fiance has his own home too and his income is far greater than mine. We want to buy a house together. I want to maximize… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,605 satisfied customers
I live in Prince Georges County Md. I purchased a ...
I live in Prince George''s County Md. I purchased a townhme and lived in it as a single person for 2 yrs. I then rented it out in 6/97.The tenant lived there until Jan. 2003. Then I moved back 2/03 an… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,165 satisfied customers
I bought my house in 1978. Paid 50K for it. I am the ...
I bought my house in 1978. Paid 50K for it. I am the only one on title, but still had to give ex settlement money. I owe 292K on it and its worth about 560K. I own a piece of property in Oregon and pl… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
My mother lives in Kenai, Alaska and is thinking about ...
My mother lives in Kenai, Alaska and is thinking about selling her home. It is valued about $500,000 and she is 82 years old. What does she have to pay in capital gain or is she exempt from taxes?… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
I sold my primary residence and a rental property at the ...
I sold my primary residence and a rental property at the same time. Realized profits on both. $ 260K on primary residence and $ 50K on rental property. Owned and stayed in primary residence for 6 year… read more
Zhicheng Lai
Zhicheng Lai
Master Degree
426 satisfied customers
In the state of Maryland if you only live in your property ...
In the state of Maryland if you only live in your property for 1 year and your husband dies, forcing you to move with family out of state, can you avoid having to pay Capital Gains taxes and do they c… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
Am I subject to capital gains over $250,000 if I sell my ...
Am I subject to capital gains over $250,000 if I sell my house for coniserably than I paid for it? I am over 65 - is there a threshold at that age for capital gains liability on a house? I was married… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
What is tax rate for capital gain received on selling ...
What is tax rate for capital gain received on selling your home given that is your only property and filing as single.… read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
i own a house with my girlfriend and we are splitting up.
i own a house with my girlfriend and we are splitting up. we will have owned the house for two years july 19. we need to sell fast to end our relationship but she is afraid we will be taxed because we… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
Selling a house and wanting to give money to A Family member
I live in Florida and I am going to be putting my house up for sale soon. I have lived in the house only 19 months and I was told that I would have to pay taxes on the money I make for the house if I … read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
i READ THAT CAPITAL GAINS TAXES CAN BE WAIVED IF SALE OF A ...
i READ THAT CAPITAL GAINS TAXES CAN BE WAIVED IF SALE OF A HOME IS DUE TO DISABILITY OF OWNER. cAN YOU ADVISE RE THIS ISSUE? THANK YOU Optional Information: philadelphia, Pennsylvania Already Tried: I… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
We are selling our home ( paid $130k) and relocating due to ...
We are selling our home ( paid $130k) and relocating due to my husband getting out of the Navy and getting a new job. We may close before the two year mark. Our new home is 165k and we are putting 10k… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x