(Closed) NWR Taxes: Married filing jointly or seperately?

posted 6 years ago in Money
Post # 3
Member
53 posts
Worker bee
  • Wedding: November 2012

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.

Good luck!

Post # 4
Member
955 posts
Busy bee
  • Wedding: November 2014

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
Member
6824 posts
Busy Beekeeper
  • Wedding: June 2011

We filed married by seperately and got a hell of lot more money back with deductions.  My Darling Husband is an accountant…

Post # 6
Member
575 posts
Busy bee
  • Wedding: July 2011

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
Member
1562 posts
Bumble bee
  • Wedding: November 2011

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.

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