2007-04-03 16:41:59 · 5 answers · asked by taylorrock 2 in Business & Finance ➔ Taxes ➔ United States
Any married couple can file separately, but it's usually better, tax-wise, to file jointly. Usually, only couples that are in a situation of marital or financial disagreement file separately. Married couples filing separately pay higher marginal tax rates at lower income levels than any other filing status.
But yes, if you want to, you can file married, separately.
2007-04-03 16:47:57 · answer #1 · answered by dewkisses02 4 · 1⤊ 0⤋
You can file jointly or separately. Just remember, if one of you itemizes deductions, the other's deduction is ZERO, filing separately. A good publication to order free from the IRS is Publication 17. call 1-800-829-1040. this has about everything on individual income tax
2007-04-04 00:05:45 · answer #2 · answered by mark747 4 · 0⤊ 0⤋
Its up to you whether you want to file jointly or seperately. Sometimes couples file seperately because it comes out better financially and sometimes because they want to keep finances seperate or they're heading for divorce and dont want to file jointly. Sometimes it comes out better to file seperately if there is a big difference in incomes between the spouses. When you file seperately, if one person itemizes, the other persons Standard Deduction falls to zero. So any itemized deductions at all then benets the second person.
2007-04-04 01:50:31 · answer #3 · answered by jeff410 7 · 0⤊ 0⤋
Married couples are allowed to file their Incomes separately. However, it depends very much on the total income when added up; because taxes are charged based on % of total income. Check your numbers jointly and separately whichever allows you to pay lesser taxes.
2007-04-04 00:03:41 · answer #4 · answered by SGElite 7 · 0⤊ 0⤋
Any married couple can file as married filing separately or file a joint return.
2007-04-03 23:51:28 · answer #5 · answered by Judy 7 · 0⤊ 0⤋