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Author: thenut One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121565  
Subject: Is filing Separately a good idea in this case? Date: 3/5/2001 1:23 PM
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This is my first post anywhere and it had to be about taxes. Here it goes.

Filing jointly, we owe money, but I think we should file separate.

I teach and my salary is in the 28% bracket. However my wife paid estimates all year. My wife estimated working enough hours to earn approximately $16,000, therefore in the lower 15% tax bracket. The CPA figured the tax on this basis. Now that my wife and my income is added together, her taxes are figured at the higher rate, causing us to have not paid enough for her. Is this correct thinking? Could we file MFS and come out better?

Thanks for all your help in advance.
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