Archive for Taxes
Kiplinger Financial Truth or Bunk-Round 2, Question 5
Posted by: | Comments
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.
