What... (i.e. camp, dance class, birthday party)
        
 
Pick a NYMetroParents Region: All Regions   Manhattan    Brooklyn    Queens    Westchester    Rockland   Fairfield    Nassau    Suffolk  

Resources

   

ASK THE EXPERT: SHOULD A MARRIED COUPLE FILE TAXES JOINTLY OR SEPARATELY?

     Home  >  Articles  > News & Tips: Services
by NYMetroParents Staff January 28, 2013

Related: filing taxes as a married couple, taxes for married couple, should husband and wife file taxes together, should i file taxes with my spouse, filing taxes separately when married,


As tax season approaches, are you wondering whether you and your spouse should file taxes together? Federally licensed tax practitioner Emily Seo offers advice on how to know whether you should file jointly or separately as a married couple.



couple holding handsIs there a quick way to know if a husband and wife are better off filing taxes jointly or separately? What considerations should they take?

In most cases, you will pay more combined federal tax when filing separately rather than jointly because the special rules apply. For example, if you file separately, you cannot take the credit for higher education, the deduction for student loan interest, or the tuition and fees deduction. In addition, you cannot take the exclusion or credit for adoption expenses and the credit for child and dependent care expenses in most instances.

More special rules apply for separate return filers, so I strongly recommend you to file a joint return unless you do not want joint liability. You can file a joint return even if one of you had no income or deductions. If both you and your spouse have income, it would be a good idea to figure out your tax on both a joint return and separate returns so you can compare which way gives you the lower combined tax.

 

—Emily Seo, EA, is a federally licensed tax practitioner at Tax Pro Team in Flushing. The Tax Pro Team, which also includes a CPA and former IRS agent, specializes in personal and corporate income tax returns and audit issues. Call 718-463-1040 for a free consultation.

 

Also See:

Ask the Expert: What Types of Childcare Can I Take Off My Taxes?

 


Get Your FREE Indoor Activity eGuide!

More News & Tips: Services Articles

Trick-or-Treat for UNICEF
How to Soothe a Camera-Shy Child
The Sunshine Gallery Retail and Consignment Store Opens in Nanuet
10 Things to Do if Your Pet is Lost
Home Medical Equipment Provider Moves to Kissena Boulevard

Be a good fellow parent and share this with a friend who would be interested
Email Friend

Local News & Tips: Services Sponsors

Just Fabulous
1947 Jericho Turnpike
East Northport, NY
631-486-5130
Just Fabulous & Outrageous Events creates trendset...

JCC of Mid-Westchester
999 Wilmot Road
Scarsdale, NY
914-472-3300
The Jewish Community Center of Mid-Westchester is ...

Thinkertots
222-14 Union Turnpike
Bayside, NY
718-740-1616
...

Factor Tree (The)
419 Lafayette St., Fl 2
New York, NY
646-688-2818
Factor Tree is an online tool for helping children...

Simons, Loralyn
917-856-5884
If your child struggles with math, private tutorin...
See Our News & Tips: Services Directory

local zones

Nassau

Nassau cont.

Suffolk

Suffolk cont.

Westchester

Westchester cont.

Fairfield

Rockland

Rockland cont.

Queens

Queens cont.

Brooklyn

Brooklyn cont.

Manhattan

Copyright 2014 NY Metro Parents Magazine Site Design: THE VOICE