Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 5
I assume that you're doing something wrong when you split the returns. All of the following assumes you are in a non-community property state.

Exemptions, other than your own, go to the higher AGI. Income should be allocated to the individual who generated it or who contributed the funds to the account. The same holds true for deductions.

There are many tax benefits which are eliminated or severely reduced for MFS returns. It is very unusual for MFS returns to be better than MFJ except for those who live in OH. It seems that the additional savings from filing MFS in OH outweigh the added tax at the federal level.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.