A tax filing status indicating that a married couple is filing two separate tax returns, one for each individual. Married couples have the option of filing jointly or separately. Although filing jointly often results in less taxes, filing separately is sometimes preferable when one partner has significant medical expenses, casualty losses, or miscellaneous itemized deductions.
Related information about married filing separately:
- Married Filing Separately Filing Status - Claiming the Married Filing ...
Married taxpayers can choose between filing a joint tax return or a separate tax return. The Married Filing Separately filing status provides fewer tax benefits than ...
- Married Filing Jointly vs. Married Filing Separately ... - TurboTax - Intuit
Nov 21, 2012 ... They can choose Married Filing Separately (MFS) or Married Filing Jointly (MFJ). One common question often comes up, “Which one is best for ...
- When Does Married Filing Separately Make Sense? | Fox Business
Jun 2, 2011 ... Married filing separately is usually the most expensive filing method tax wise. But sometimes this method may prove to be a money and stress ...
- Publication 501 (2011), Exemptions, Standard Deduction, and Filing ...
For a list of community property states, see Community property states under Married Filing Separately, later. Self-employed persons. If you are self-employed in ...
- When Does Married Filing Separately Make Sense? - Bargaineering
Mar 26, 2008 ... After the wedding, I started taking a closer look at the tax numbers and incorrectly concluded that the only time someone would ever file as.
- Married Filing Separately Definition | Investopedia
A filing status for married couples who choose to record their respective incomes, exemptions and deductions on separate tax returns. In most cases, married ...
- Married Filing Separately or Jointly: Which Tax Status Is Right For ...
Mar 13, 2012 ... More deductions and credits are available if you file jointly, but there are instances when filing separately is more prudent.
- When Filing Taxes Jointly Might Not Be A Good Idea | Bankrate.com
Feb 14, 2012 ... But married filing separately could have some drawbacks. ... In fact, a check of the tax brackets shows married-filing-separately taxpayers face ...