Deductions & credits


@blaze-wujek wrote:

We live in Wyoming.  I make $100,000/year, she makes $60,000/year.  Her out of pocket medical expenses were $67,000 so that would be much higher than the standard deduction.  When I filled out everything jointly the return seemed extremely low considering the large deductions.  I'm trying separately to see which is more beneficial.


Try it both ways.

 

The way I calculate quickly using rough figures with the information you  provided  - your tax would be about $15,000 and your spouse zero if filing separate.    Filing jointly the joint tax would be about about $1,000 less.

**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.**