Amended return had a small tax difference

kartu — Tue, 03 Mar 2020 19:26:40 GMT

We changed our filing status from single to married filing separately in the amendment. The person putting them together told us that there would be a 42$ difference that we would owe.

Why is that so? What would've caused the small difference?

Re: Amended return had a small tax difference

bluedeb — Tue, 03 Mar 2020 19:36:01 GMT

No one here would know that answer. You can ask the person that prepared your return. When you file as Married Filing Separately you are not able to claim some credits. If you are legally married you cannot file as Single, the usually best filing for married is to file Jointly (both must agree).

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

When you file separately, your tax rate is higher and you won't be able to claim:

Education benefits
Earned Income Credit (EIC)
Child and Dependent Care Credit (usually)
Adoption Credit (usually)
The same benefit married filing jointly couples get for personal exemptions, itemized deductions, the Child Tax Credit, and capital losses (all of these deductions are reduced by half)
The standard deduction if your spouse is claiming itemized deductions

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Amended return had a small tax difference

Re: Amended return had a small tax difference