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Why does Turbotax say my best status is "married filing jointly" but if I switch to "married filing separately", my return has a a huge increase?
I entered in all of my tax info to the end, and went back to change my filing status from "married filing jointly" to "married filing separately". My return jumps from $500 to nearly ~$8000. Why does Turbotax tell me my best status is to file jointly when filing separately would yield a much larger return?
It seems like Turbotax should be making recommendations along the way to change my status based upon the information that is being entered, or show both along the way. I would not have thought to go back and change it because I assumed married filing jointly was the best option given the recommendation early on in the process. Thank you.
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‎April 17, 2021
6:40 AM