topic Re: married filing separately in Get your taxes done using TurboTax

married filing separately

rachelrbrandt1979 — Tue, 11 Feb 2020 21:30:28 GMT

I started my return filing jointly, but have decided to change to separately. I'm the wife, and i own a sole proprietorship. For some reason, under my Asset Entry worksheet, my husband is the name shown on return. I've already told TT that i own the business alone. Is it because he is listed on the return first?

Re: married filing separately

AmyC — Tue, 11 Feb 2020 21:49:24 GMT

On a MFJ return, the name listed first is listed across the top of all subsequent forms. If you have switched to MFS, his name should not be showing up on your forms.

MFJ is much more beneficial than MFS in most cases. Please check out this video on MFJ vs MFS.

If you still need help, please fill this form out for someone to call you

Re: married filing separately

rachelrbrandt1979 — Fri, 14 Feb 2020 20:02:58 GMT

1. can you change my forum screen name? I really don't want that showing up.

2. i have a second question about a total loss payout from insurance. I can give you more info, but i don't want all my personal info on the forum with my name attached.

Re: married filing separately

CassLO — Fri, 14 Feb 2020 21:53:41 GMT

You will need to contact customer service. Start by clicking on Contact Us. Answering the questions will help to ensure that your call is properly routed.

Re: married filing separately

VolvoGirl — Fri, 14 Feb 2020 22:00:01 GMT

Did you file Joint for 2018? You should start your own new MFS return and not transfer from 2018. Start over, go to File-New Tax Return. Be sure to rename each return so a second return doesn't overwrite the first one which can happen if 2 people have the same first initial. Go to File-Save As

Many people think they come out better when filing Married Filing Separate but they are probably doing it wrong. If one person itemizes deductions then the other one must itemize too, even if it's less than the standard deduction, even if it is ZERO!

And there are several credits you can't take when filing separately, like the

EITC Earned Income Tax Credit

Child Care Credit

Educational Deductions and Credits

And contributions to IRA and ROTH IRA are limited when you file MFS.

Also if you file Married Filing Separately up to 85`% of your Social Security becomes taxable right away even with zero other income.

See …….

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