As you both work be sure that you fill out W-4 forms for each of you. To adjust your withholdings TurboTax has an amazing tax caster to generate an updated W-4: W-4 tax calculator
In the tax calculator tool you will include that you have a child and you can choose different filing options to compare the results of Married Filing Jointly vs Married Filing Separately.
When completing the tax calculator for updated W-4 forms, ensure you account for all sources of income. You may want to adjust your withholdings as you are the higher income earner for simplicity.
Married filing jointly vs separately affects more than just how you fill out your taxes and typically filing jointly provides the best tax advantages. Couples who file separately typically get fewer tax benefits. Separate tax returns may result in more tax. Here is a link for details: MFJ vs MFS
Have an amazing day. Evelyn M (CPA 20+ years)
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