<< Hi, I am very confused about taxes and what is best... Very quickly, I just fill out the 1040EZ, no itemizing or anything... Pretty simple.. But I still don't know to file marr/sep. or marr/joint and which is best... Very quickly... I make 24600 and my wife make a total of 16500... So which is best? >>Bob's basic advice, that you need to calculate it both ways is right on point, but DON'T do it on a 1040EZ. You can't use that form if you file married, filing separately, and you'll get bad numbers if you do your calculations using it. Use the 1040 or 1040A.When you do your calculations, also take into account your state taxes, if your state requires that you use the same filing status for state as you do for Federal. I'm told that for Ohio residents it's often to their advantage to file separately because even though they pay more Federal tax, they pay less overall tax when the state is included in the calculation.Phil MartiTax Preparer
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra