BillM223
Employee Tax Expert

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"if it is better to file as married jointly or married separate."

 

The general rule is that filing joint is better than filing separate. This is if for no other reason that certain credits are not available if you are filing separately instead of joint. Furthermore, if you file separately, if one of you itemizes deductions, then both of you must itemize deductions, even it that hurts.

 

However, there are situations where it is better to file separately, for example, if the income and deductions are very lopsided.

 

Even so, the only way to be sure is to run it both ways and see the results.

 

My guess is that since you are both working, filing joint will be better

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