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Other financial discussions
I run my own separate TAX today and I don't think filing separate will save more because TT said I awed $4,000 plus where as filing Joint get $3,000 plus refund (I paid $4000 ES TAX). That is a difference of $7,000 plus. I have to give up doing my wife's tax.
However, something strange came up while TT did the error checks on my single filing TAX. It said: IRA Information WorkSheet Line 24 - Spouse 2016 should not have a value. Your filing status is not married filing joint.
Well, I have been doing joint filing since 2013 and how did TT get this data? We both contribute ROTH IRA starting on Year 2014. I cannot change our 2016 TT filing status to fix that error. Does anyone know why?
‎April 18, 2021
8:36 PM