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Your decision to file jointly vs. separately can have significant tax implications.

Updated: Feb 2, 2021

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?

For assistance with these topics or for help filing your returns with these items in mind, don't hesitate in contacting us.

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