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Filing separately while married has pros and cons to consider before making your decision. Depending on your situation, this can be a smart move. Explore More: 4 Ways To Find Tax Deductions That ...
Some married couples are better off filing separately in 2022 because they can actually get a larger benefit in doing so, according to a tax expert.
With little time left until April 15, the 2024 deadline for filing federal taxes in the U.S., some married couples are grappling with the question: Should we file jointly or separately? Check Out:...
For example, the 2023 standard deduction for married filing jointly is $27,700 ($29,200 in 2024) versus just $13,850 ($14,600 in 2024) for married filing separately.
Married filing jointly. Married filing separately. ... “So if either of you has some financial issues or baggage, then filing separately will better protect your spouse from your bad record, or ...
Married filing separately: “Married couples can choose to file separate tax returns. When doing so, it may result in less tax owed than filing a joint tax return,” the IRS noted.