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Deductions & credits
Thanks for taking time to respond. Just to ensure I conveyed my thoughts clearly,
if I filed MFJ, I get to deduct $25k
if I file MFS, my calculations come to $6.25k each which is $12.5k.
I would expect it would be 12.5k each which is half of MFJ and together it is 25k.
Is the disadvantage here correct?
‎April 16, 2024
5:36 PM