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Deductions & credits
Hello.
Thank you for your response. No kids. No rental income. Just the income from two full-time jobs. We are both itemizing because we surpassed the standard deduction. And filing separately does benefit us this year for a variety of reasons such as IDR calculations for student loans among others.
The challenge with my tax return in particular is that I made significantly more than than my spouse this year, and my job didn't withhold enough (I have no idea why--I asked for extra withholding but it still wasn't nearly enough), so putting more of the mortgage interest on mine, since I technically paid a larger share even though ti was out of a joint account--will help to make up for a fair amount of that.
‎February 9, 2025
7:20 AM