As a benefit of filing jointly, Turbo Tax website states "In 2017, married filing separately taxpayers only receive a standard deduction of $6,350 compared to the $12,700 offered to those who filed jointly." Isn't it the same thing, though? If two people take the standard deduction, that's $6,350 x 2 = $12,700. Same thing. I don't get it. (Source: https://turbotax.intuit.com/tax-tips/marriage/should-you-and-your-spouse-file-taxes-jointly-or-separ...)
You'll need to sign in or create an account to connect with an expert.
It is not the standard deduction that causes MFS to be disadvantageous. When you file Married Filling Separate (MFS) there are several disadvantages
Lost Credits- By Law-MFS- No Earned Income Credit
No Credit for elderly and disabled
No Dependent care credit
No adoption credit
No Education Credits or Education deductions
If one spouse itemizes, so must the other spouse.
A greater percentage of Social Security Benefits taxable
IRA deductions, Passive Activity Losses. and others.
It is not the standard deduction that causes MFS to be disadvantageous. When you file Married Filling Separate (MFS) there are several disadvantages
Lost Credits- By Law-MFS- No Earned Income Credit
No Credit for elderly and disabled
No Dependent care credit
No adoption credit
No Education Credits or Education deductions
If one spouse itemizes, so must the other spouse.
A greater percentage of Social Security Benefits taxable
IRA deductions, Passive Activity Losses. and others.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
anon30
Level 3
calderad07
Level 1
ahmad-hashem-net
New Member
karlameyer
Level 1
BobK59
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.