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Filing Jointly Vs Separately (High Income)
Hi -- pretty sure I am doing this correctly but looking for confirmation. If a husband and wife each have a high income (let's say 500k each as an example), then I do not think there's any difference in married filing separately vs married filing jointly for federal -- is that correct? I was surprised to get the same answer when doing it both ways but then when I looked at the tables, that does seem to be the case. (While it doesn't make a difference for Federal, It makes a difference in NY and its more advantageous to file separately)
‎February 13, 2022
11:55 AM