Timeline for Benefits/disadvantages of filing as married?
Current License: CC BY-SA 4.0
5 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Dec 23, 2018 at 1:16 | comment | added | user102008 | @Paul: I believe tax software usually already try all possible filing statuses for you and pick for you the best one by default. | |
| Dec 22, 2018 at 22:08 | vote | accept | Paul | ||
| Dec 22, 2018 at 17:18 | comment | added | Dilip Sarwate | +1 In fact, the tax rates are designed to steer married couples towards filing MFJ instead of MFS. Married couples filing MFS are often on the cusp of divorce or separation, or one spouse does not trust the other to report all his/her income correctly on a joint return and has no desire to perjure her/his self by signing a joint return. Furthermore, if a joint return is questioned and one spouse "has take me money and run Venezuela", the other spouse Is on the hook for all the taxes due. Trying both options in TurboTax to see which option produces the larger refund will validate this. | |
| Dec 22, 2018 at 17:05 | comment | added | Paul | Thanks for the helpful answer! Would my best bet try both options in TurboTax and see which outputs a higher return? | |
| Dec 22, 2018 at 16:42 | history | answered | user102008 | CC BY-SA 4.0 |