Consider one's earling tis double than othere?
Example 1: one earns 100,000/Year and other earns 50,000/year.
Example 2: one earns 50,000/Year and other earns 25,000/Year
2007-03-26 08:51:28 · 5 answers · asked by stockman 2 in Business & Finance ➔ Taxes ➔ United States
I believe this depends on how much income you make. If you high income earners, sometimes it is better to file your taxes as married filing seperate, to avoid paying a lot of taxes, but if your income is not too high, you can file jointly as there are more bnefits that way. the higher your income, better to file seperate.
2007-03-26 09:21:22 · answer #1 · answered by Ola 4 · 0⤊ 1⤋
In all but fairly rare circumstances, filing a joint return will result in a lower total tax than filing separately. If one of you has very high deductible medical or unreimbursed employee business expenses, then it's possible but not probable that you'd come out better filing separately.
The closer together the incomes are, usually the less savings you get by filing joint - but it's almost always at least a little bit better to file joint.
2007-03-26 12:22:46 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Jointly is usually better, especially if you have dependents. For the best advice though, you should go to a tax professional.
2007-03-26 10:22:04 · answer #3 · answered by zaleonia1 4 · 0⤊ 1⤋
Married
2007-03-26 08:59:27 · answer #4 · answered by Steven Rogers 1 · 1⤊ 3⤋
In nearly all cases you will pay lower tax by filing a joint return.
2007-03-26 09:05:10 · answer #5 · answered by Bostonian In MO 7 · 1⤊ 2⤋