Your decision to file jointly vs. separately can have significant tax implications.
This conversation can happen at any point in a marriage – newly wed couples frequently ask this question during their first year of tax preparation. Couples in increasingly larger tax brackets are also quite affected. Below are some discussion points.
- What are situations that may cause us to overpay tax when filing jointly?
- How can I compute which strategy is best for me?
- Do we increase our tax bracket when filing jointly?
- Do we lose any deductions using one version of our returns vs. another?
- My spouse is on an income-based repayment plan. How will this affect our returns?
- My spouse owns properties or assets outside of the US. Am I also responsible for reporting?
- Can you help me make the joint vs. separate decision numerically?
- Do you offer consulting on the topic?
We specialize in assisting couples plan for their tax & making the joint vs. separate filing decision and are happy to guide on the nuances described above.
4 thoughts on “Filing Jointly vs. Separately”
Any help you can give me
Married but separate my ex has been using my social security number to file for the last 4 years and I haven’t been able to file and I’ll be penalized if I file what do I do I’ve tried to contact IRS for 2 years they’re ridiculous
Married but separate my ex has been using my social security number to file for the last 4 years and I haven’t been able to file and I’ll be penalized if I file what do I do I’ve tried to contact IRS for 2 years they’re ridiculous I have a partial impairment where my eyesight is impaired
Married but separate my ex has been using my social security number to file for the last 4 years and I haven’t been able to file and I’ll be penalized if I file what do I do I’ve tried to contact IRS for 2 years they’re ridiculous I have a partial impairment where my eyesight is impaired