turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

sfplaya71
New Member

Should I file jointly?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies

Should I file jointly?

since you have provided no info, why do you think married filing separately would be better? Generally, filing jointly produces the lowest tax bill but there can be exceptions. Even if it does, there may be other reasons for not filing jointly. 

rjs
Level 15
Level 15

Should I file jointly?

You can only file jointly if you were married as of the last day of the year. As Mike9241 said, filing jointly is usually best, unless there is something unusual about your situation.


I'm not sure what you're thinking when you ask "Should I file jointly?" You can't file jointly by yourself. You should be asking "Should we file jointly?" You have to file jointly with your spouse.

 

Should I file jointly?

@sfplaya71 - if you are married, your only two choices are Filing Joint or   95Filing Sepatate.  Other than situations that impact student loan repayments (where the lower earning spouse has student debt), I have yet to find a situation where Filing Separate for financial reasons makes sense.  96% of married couples file joint each year. 

 

 

Should I file jointly?

If you were legally married at the end of 2022 your filing choices are married filing jointly or married filing separately.

 

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 $25,900 (+$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. Your limit for SALT (state and local taxes and sales tax) will be only $5000 per spouse. 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...

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question