"Hence, for this taxpayer, there's probably no benefit to filing separate returns unless they're in a community property state."Thanks, but I still don't get it. In a community property state, personal expenses paid from commmunity funds (it's not who's sick, it's who pays) are split 50-50 like the income. So it would seem all they gain is a higher tax bracket and lots of limitations, including that on the child tax credit.
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