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re: married filing jointly or separately
Posted on 1/19/15 at 11:34 am to TigerDat
Posted on 1/19/15 at 11:34 am to TigerDat
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
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 on 1/19/15 at 11:39 am to BilJ
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
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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