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ayybaybay39
New Member

My husband and I have been swayed back and forth about filing our taxes. We would like to know if it would benefit us more to file together, or separately? I've made roughly 15-20k gross this year, my

Husband made about 37k gross this year. We are in the middle of a divorce, but not finalized.
2 Replies
MinhT1
Employee Tax Expert

My husband and I have been swayed back and forth about filing our taxes. We would like to know if it would benefit us more to file together, or separately? I've made roughly 15-20k gross this year, my

In almost all situations, it is more beneficial to file Married Filing Jointly than Married Filing Separately.

 

Please read this TurboTax Help article for more information.

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Critter
Level 15

My husband and I have been swayed back and forth about filing our taxes. We would like to know if it would benefit us more to file together, or separately? I've made roughly 15-20k gross this year, my

Well the only thing you can do is compute the return both ways ... jointly and separately and see which way is best if you can both agree to this arrangement.  Compute the state return also as separately could make a difference. 

 

Married Filing Jointly is usually better, even if one spouse had little or no income. When you file a joint return, you and your spouse will get the married filing jointly standard deduction of $24,000 (+$1300 for each spouse 65 or older)  You are eligible for more credits including education credits, earned income credit, child and dependent care credit, and a larger income limit to receive the child tax credit. 

 

If you choose to file married filing separately, both spouses have to file the same way—either you both itemize or you both use standard deduction. Your tax rate will be higher than on a joint return. Some of the special rules for filing separately include: you cannot get earned income credit, education credits, adoption credits, or deductions for student loan interestA higher percent of your Social Security benefits may be taxable.  In many cases you will not be able to take the child and dependent care credit. The amount you can contribute to a retirement account will be affected. If you live in a community property state, you will be required to provide additional information regarding your spouse’s income. ( Community property states:  AZ, CA, ID, LA, NV, NM, TX, WA, WI) If  you are using online TurboTax to prepare your returns, you will need to prepare two separate returns and pay twice.

 

https://ttlc.intuit.com/questions/1894449-married-filing-jointly-vs-married-filing-separately

https://ttlc.intuit.com/questions/1901162-married-filing-separately-in-community-property-states

https://ttlc.intuit.com/questions/1894449-is-it-better-for-a-married-couple-to-file-jointly-or-separ...

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