Filing joint or separately

KarenB Posted: Aug 10, 2004 02:50 PM

Filing joint or separately

Can anyone explain the difference between filing jointly or separate but married.

Thanks.

Karen

littlecat Posted: Aug 11, 2004 09:47 AM

Re: Filing joint or separately

Is there a reason you would want to file 'married filing separate'. You can get less money back if you do that.

KarenB Posted: Aug 11, 2004 10:31 AM

Re: Filing joint or separately

I was just wondering exactly what it meant, i.e. why is there even that option.

We'll file whichever way gets more money.

november12003 Posted: Aug 11, 2004 10:35 AM

Re: Filing joint or separately

All I know is that it's more beneficial to file jointly. There are only rare cases where separate filing is better.

littlecat Posted: Aug 11, 2004 10:58 AM

Re: Filing joint or separately

Some people probably don't want to file married joint because they don't want to be responsible for what the other person is putting on their tax return maybe.

myasmom Posted: Aug 11, 2004 05:31 PM

Re: Filing joint or separately

We are filing separately. But then again we have a kid so its beneficial for the one making the least to claim her.

I dont know why but some people getback less when filing jointly. Some it doesnt matter. DOnt know what formula there is to it