Post # 1
So last year Darling Husband & I filed as “married filing jointly” & we got a pretty big tax refund back. This year, we were expecting to get money back again, but Darling Husband had a temporary job earlier in the year & they took out SS, state, etc taxes, but NOT fed taxes :(. So now we’ll owe about $150 in taxes. Last night I tried “married filing seperately” & we owe $11 instead, filing that way. Does it matter if over the years we switch between filing jointly & seperately? Does it change your taxes if you try a different way?
Post # 3
You should ask an accountant. I am not an accountant but I did just talk to mine about this situation.
Married filing jointly couples TYPICALLY get more tax advantages (e.g. bigger standard deduction, more allowable deductions, etc.) but sometimes filing seperately works out better for the couple becuase of some unusual circumstance.
Many accountants will do what you did – they have software that automatically runs all the numbers both filing jointly and filing seperately to see which is better.
Post # 4
I have heard that filing separately saves $$ that would otherwise be thrown away in taxes.
So sick of being taxed, taxed, taxed! And why on earth should a married couple be ‘penalized’ with higher taxes for filing together? Ludicrous…
(Sorry for my mini rant)
Post # 5
We filed married by seperately and got a hell of lot more money back with deductions. My Darling Husband is an accountant…
Post # 6
Each year you can decide to file as MFJ or MFS. The returns may/ will come out differently based on income, etc. File the one that works best for you!! I’m a CPA!!
Post # 7
Agree with Crystlrox. Switching is allowed. I did see one couple that did it, and had an issue with AMT switching back and forth (can’t remember exact details, but it got into stocks and bonds and multiple year stuff), but with the values you posted, I can’t see it being an issue.