Archive for Taxes

True or False. For most married couples, it’s better to file taxes jointly than separately.

True. For most people, filing jointly is best. Several tax benefits and credits disappear if you file separately, so doing taxes together will usually save you money. Only in rare instances does it make sense to file separately, such as if one spouse has a low income with a lot of unreimbursed medical expenses, or one spouse is self-employed with a complicated tax return the other spouse doesn’t understand.

Categories : Taxes
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Jude Gilford, Owner
Money Awareness Program, LLC
Phone:
520-400-8304
Email:
jude@moneyawarenessprogram.com
Address:
PO Box 31022
Tucson, AZ 85751