How do I decide whether we should file separately or jointly?Well, the only way to really know is to figure your taxes both ways and see which comes out better for your particular situation.Keep in mind that state taxes can play a part as well. Ohio, for whatever reason, has a significant penalty for filing jointly in certain situations. The savings from filing a separate state return in Ohio can easily offset the additional cost on the federal return.It is more common for filing jointly to produce a lower tax, but you won't know until you do the math.--Peter
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