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Level 1
January 2, 2023
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How do we go about filing our taxes when we are 1) both owners of the house we purchased in July 2) not married, and have filed separately?

  • January 2, 2023
  • 1 reply
  • 19 views
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Best answer by DoninGA

If you are not legally married then you file as Single.  

If you are going to enter the Mortgage Insurance, Mortgage Interest, Points paid and the Property taxes paid for the home then you enter the amounts that you personally paid for those home expenses on each tax return.

 

Note that the home expenses are itemized deductions on Schedule A and the Total of All itemized deductions on Schedule A must be greater than the Standard Deduction for your filing status.  If not, there is no need to itemize your deductions.

 

Standard deductions for 2022

  • Single - $12,950 add $1,750 if age 65 or older
  • Married Filing Separately - $12,950 add $1,400 if age 65 or older
  • Married Filing Jointly - $25,900 add $1,400 for each spouse age 65 or older
  • Head of Household - $19,400 add $1,750 if age 65 or older

1 reply

DoninGA
Level 15
DoninGALevel 15Answer
Level 15
January 2, 2023

If you are not legally married then you file as Single.  

If you are going to enter the Mortgage Insurance, Mortgage Interest, Points paid and the Property taxes paid for the home then you enter the amounts that you personally paid for those home expenses on each tax return.

 

Note that the home expenses are itemized deductions on Schedule A and the Total of All itemized deductions on Schedule A must be greater than the Standard Deduction for your filing status.  If not, there is no need to itemize your deductions.

 

Standard deductions for 2022

  • Single - $12,950 add $1,750 if age 65 or older
  • Married Filing Separately - $12,950 add $1,400 if age 65 or older
  • Married Filing Jointly - $25,900 add $1,400 for each spouse age 65 or older
  • Head of Household - $19,400 add $1,750 if age 65 or older