@bettypaystaxes wrote:
There is one big problem with the what-if worksheet (I have tried it several times over the years and get the same result).
The worksheet takes interest earned, dividends, and capital gains and just splits them in half, no matter who the income is assigned to. This makes it useless unless all of your income is earned.
Am I missing something?
Are you trying married filing separately? The whatif is very simplistic. MFS has too many variables for anything but a simply splitting. It is a very rough estimate.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
