Should couples file taxes jointly or separately?
Filed under: Finance, Tax, Taxes
Married couples have the choice of filing their taxes jointly or separately. What is the best option for you and your spouse? Generally, it is to file jointly – but there are several factors to consider before making your choice.
- Tax Rates – Filing separately shifts your tax rate downward. In other words, higher tax rates will kick in at lower levels of income. The Tax Cuts and Jobs Act of 2017 (TCJA) has changed the tax brackets, effective tax year 2018.
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