Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 2
In splitting your returns, it's possible that the income on one of the separate returns is low enough to avoid AMT, but the income on the other should get hit harder with AMT. So the net effect should be small, and quite possibly a higher tax on the split returns.

That's in line with what I would expect. The one situation where I have seen MFS as better than MFJ is where the spouse with the lower AGI has significant deductions that are subject to AGI haircuts (medical, miscellaneous itemized deductions) which exceed the lower AGI haircut but are "lost" on the MFJ return, and the higher AGI spouse still has sufficient deductions to not be "penalized" by having to itemize.

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.