Updated: Feb 3
This conversation can happen at any point in a marriage – newly wed couples frequently ask this question during their first year of tax preparation. Couples in increasingly larger tax brackets are also quite affected. Below are some discussion points.
What are situations that may cause us to overpay tax when filing jointly?
How can I compute which strategy is best for me?
Do we increase our tax bracket when filing jointly?
Do we lose any deductions using one version of our returns vs. another?
My spouse is on an income-based repayment plan. How will this affect our returns?
My spouse owns properties or assets outside of the US. Am I also responsible for reporting?
Can you help me make the joint vs. separate decision numerically?
Do you offer consulting on the topic?