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ladyprins60
New Member

I am married but I am finding that filing separately. When itemizing the house and taxes, do I enter 50% of the total or the full total on both taxes?

 
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MichaelL1
Level 15

I am married but I am finding that filing separately. When itemizing the house and taxes, do I enter 50% of the total or the full total on both taxes?

You can do an allocation, such as 75% to one spouse and 25% to the other if the income is earned in the percentage.  This helps the one making the most as their tax bracket may end up higher.

The total interest entered on each return, cannot exceed 100% of the interest paid for the entire year. 

Just remember if one itemizes, the other one has to also.  

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1 Reply
MichaelL1
Level 15

I am married but I am finding that filing separately. When itemizing the house and taxes, do I enter 50% of the total or the full total on both taxes?

You can do an allocation, such as 75% to one spouse and 25% to the other if the income is earned in the percentage.  This helps the one making the most as their tax bracket may end up higher.

The total interest entered on each return, cannot exceed 100% of the interest paid for the entire year. 

Just remember if one itemizes, the other one has to also.  

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