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Level 1
posted Jul 15, 2021 9:44:41 AM

Best Filling Status

I'm retired and just got married in May of this year.  I'm receiving income from Widowers SSI and my IRA. My new spouse is still working.  She also has a part time small business.  What would be the best way for us to file. 

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1 Replies
Employee Tax Expert
Jul 15, 2021 10:12:51 AM

Hi robertlkidd1,

Good day, congratulations on getting married this year.

There are two filing options for tax year 2021: Married Filing Jointly; Married Filing Separately.

 

Below are two great TurboTax articles addressing your questions.

Should You and Your Spouse File Taxes Jointly or Separately?

https://turbotax.intuit.com/tax-tips/marriage/should-you-and-your-spouse-file-taxes-jointly-or-separately/L7gyjnqyM

Is it better for a married couple to file jointly or separately?

https://ttlc.intuit.com/community/married/help/is-it-better-for-a-married-couple-to-file-jointly-or-separately/00/25590

 

For specific planning, you are welcome to use TurboTax Online 2020 program, setting up three user IDs - MFS husband, MFS wife, MFJ  and compare results. In general, MFJ is the best choice.