I wrote last on post #7091 concerning my doubts whether there might be advantages in choosing a filing status of Married - filing Separately, as opposed to filing Jointly. Seems other more current posts have been answered, but no comments yet on this subject. Are there any advantages? Or just no comments?Tax wise there is rarely an advantage to married filing separatly. There are a number of deductions and credits that are simply not allowed when you file separately. On occasion if you have two people both making high incomes it can sometimes be beneficial, but the incomes must be rather high and equal for it to work. I've done this scenario many times with clients and I have yet to see a case outside of hypothetical that it does work.Most people who chose to file separtely do so for other reasons such as separation, not wanting to sign off on the questionable reported income and deductions of the other spouse, etc.
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