My fiancé and I are planning to file taxes separately due to my student loans (IBR). Is the standard deduction $12,000 EACH or COMBINED for MFS?
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1 Best answer
Coleen3
Intuit Alumni
Jun 1, 2019 12:52:45 PM
If you are not married, you can't file as if you are. Until you are married, you are Single and your standard deduction is $12,000 each. Married Filing Separately is also $12,000 each.
3 Replies
Coleen3
Intuit Alumni
Jun 1, 2019 12:52:45 PM
If you are not married, you can't file as if you are. Until you are married, you are Single and your standard deduction is $12,000 each. Married Filing Separately is also $12,000 each.
Nurse2020
New Member
Jun 1, 2019 12:52:46 PM
Thank you! Yes, I should have clarified that this will be for AFTER we are married next year! So we can each claim our $12000 deduction