InfoSeeker
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Just wondering if anyone knows how the standard rate cut off point is handled as we move from one tax year into a new tax year.
For example, I am marrled & both of us work. In 2009 I changed the allocation of the SRCOP so that my wife would get 40K taxed @ 20% & the balance of 32,800 was assigned to me.
Will this default back to an even split for 2010, ie 36,400 each?
For example, I am marrled & both of us work. In 2009 I changed the allocation of the SRCOP so that my wife would get 40K taxed @ 20% & the balance of 32,800 was assigned to me.
Will this default back to an even split for 2010, ie 36,400 each?