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Get your taxes done using TurboTax
There isn't any real benefit to either of you filing at the same time. However, they will likely apply the refund from the first return filed, though, so the two of you may want to discuss how you want to handle refund amounts as they are likely to take different amounts from each of you - taking as much as possible from the first return, and additional amounts, if needed, from the second.
For example if you owe $5,000 and there is a $6,000 refund on the first return, they will hold $5,000 from that one and refund $1,000. If the balance owed exceeds the full refund, they will take all of the refund from the first spouse and then take the remaining balance from the second.
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‎February 11, 2025
12:01 PM