Is it better to file taxes jointly or separately if you are married?
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Mrs213
????????
Member since 2/09 18986 total posts
Name:
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Is it better to file taxes jointly or separately if you are married?
or does it not really make a difference?
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Posted 1/20/11 7:41 PM |
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MrsPJB2007
MBA at your service!
Member since 7/06 12020 total posts
Name: MJ
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Re: Is it better to file taxes jointly or separately if you are married?
You really need to discuss this with your tax professional.
Every situation is different and it can depend on income, tax credits, itemized vs. standard deduction, etc.
For the most part, MFJ is better for married couples to get the maximum tax benefit for credits....but there are some scenarios where MFS might be a better option for the taxpayers involved.
If you do not use a tax professional and do it yourself with a program, then most of them do have a comparison chart after you enter your info for Married vs Separate.
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Posted 1/20/11 8:25 PM |
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dawnygirl25
Growing up soo fast..
Member since 1/06 14917 total posts
Name: Dawn
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Re: Is it better to file taxes jointly or separately if you are married?
your accountant would be able to tell you what would work best for you. everyones situation is different..
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Posted 1/20/11 8:29 PM |
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gina409
TWINS!
Member since 12/09 27635 total posts
Name: g
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Re: Is it better to file taxes jointly or separately if you are married?
we were told to file together because ion ur first year of marriage u get more back and they were right..we had our biggest return last yr
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Posted 1/20/11 9:18 PM |
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