Why file taxes separately if married
Include a cover letter with your tax return and explain why the SSN, date of birth for the spouse are missing. Here are the mailing addresses for IRS returns. It is easy to file as Married Filing Separately on eFile. Choosing your filing status is one of the first things you do when you start preparing your tax return online.
Once you select your filing status eFile. After the IRS accepts your Married Filing Separately tax return, if you need, you still can amend your return to a Married Filing Joint filing status return for up to 3 years after the original tax deadline this does not include extensions.
Find out how to file an amended tax return. Get Your Tax Refund Date. What is DocuClix? Security About eFile. Where Is My Refund? How to Check Refund Status efile. Mailing Addresses Contact eFile. Sign In Start Now. Filing Status. Join Taxesfaction! More eFiler Reviews. Why Choose eFile. TaxTalk With Tess. Tax Tips for Separated Couples. Getting Divorced Tax Tips. Video: Tax Tips for Divorced Couples. Video: Tax Tips for the Newly Married. Estimate your tax refund and where you stand Get started.
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Skip To Main Content. Subscribe: Apple Podcasts Spotify iHeartRadio Advantages of filing jointly There are many advantages to filing a joint tax return with your spouse. Couples who file together can usually qualify for multiple tax credits such as the: Earned Income Tax Credit American Opportunity and Lifetime Learning Education Tax Credits Exclusion or credit for adoption expenses Child and Dependent Care Tax Credit Joint filers mostly receive higher income thresholds for certain taxes and deductions—this means they can earn a larger amount of income and potentially qualify for certain tax breaks.
Consequences of filing your tax returns separately On the other hand, couples who file separately receive few tax considerations. Newlyweds have a lot to think about when it comes to sharing money and managing finances. Does it make sense to have joint bank accounts, separate accounts, or both?
How will you split bills and manage your combined expenses? And as your first tax season as a married couple comes around, should you file separately or jointly? Thankfully, the tax question is a fairly simple one for most married couples because there are actually very few situations where it makes sense to file separately.
The reason you should file jointly is because you can take advantage of as many available tax credits as possible. Some of the more common credits for married couples include:.
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