Depending upon your relative earnings and deductions, it can sometimes be beneficial for a married couple to file separate returns. The marriage penalty sucks big-time.
Yep. Marriage penalty. Actually better not to get married financially since your ‘significant other’ can get coverage under your company health insurance now.
14 years of doing taxes and I can count on one hand the number of MFS returns that are better than MFJ.
MFS was instituted so that you don’t have to join your spouse in Leavenworth. That, or you can’t track the SOB down an get him to sign the return. Otherwise MFS is nearly always a losing deal.
Tax preparers waste thousands of hours running MFS scenarios that never pan out. Total waste of time.