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re: married filing jointly or separately

Posted on 1/19/15 at 11:34 am to
Posted by BilJ
Member since Sep 2003
158781 posts
Posted on 1/19/15 at 11:34 am to
unless you have some unique circumstances its rarely ever beneficial to file separate. For example, I have a friend who's on an income based payment plan for his law school student loans, he files a separate return his payment is cut in half. He takes a hit on taxes, but saves big on his monthly payments.

Going from the most tax friendly classification to the least isn't a great strategy to maximize your refund though
This post was edited on 1/19/15 at 11:41 am
Posted by TigerDat
Member since Aug 2010
7636 posts
Posted on 1/19/15 at 11:39 am to
OK thanks for the replies. We were exploring it because our returned was cut in half once her income was added.

We thought maybe filing separate would keep us in a lower bracket making out gross return between the 2 higher even though I won't see mine
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