truth is…: Should my husband and I file taxes jointly or separately?
I have heard a million times over to file taxes jointly with your spouse. However, every time I do taxes on Turbo Tax when I add his income in the tax due is TRIPLES or QUADRUPLES but our income only had doubled. I don’t understand! Where are the benefits?
We have no dependents, own our home, and earn the same amount of money as full-time public school teachers. Are there really benefits to filing jointly?
Answers and Views:
Answer by mysteriousman
U wont get alot back with alot of money and no dependents, with u and ur husband together u’ll probably get less back then just you alone. If u had a kid then u and ur husband would get alot more back
The married filing separately rates are much higher. If one itemizes both have to. When you only have one person’s income you would be low income get all the deductions and exemptions so pay very little tax. When your family income doubles you aren’t in the low brackets with any of the attentional money.Answer by Judy
Jointly almost always beats married filing separately, your only other choice. You can’t file a single when you are married.
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