Single Person Vs Married Couple - Should You File Separately?
Single Person Vs Married Couple - Should You File Separately? The tax advantages and disadvantages of filing separately as a single person is well documented. You'll find out which expenses can be avoided, the benefits of a marriage bonus, and how the marriage penalty affects your tax bill. There's more to know, including the impact on your heart health. But before you decide to file as a single, read on for more details. Then decide whether it's right for you and your situation. Disadvantages of filing separately as a single person vs as a married couple Filing separately can be advantageous if your deductions are not the same as your spouse's. Filing separately can help you protect your refund from your spouse's overdue taxes. But, if your spouse is not cooperative in filing, this option can lead to a bigger tax bill overall. It's best to talk with your tax professional before making a decision. Filing separately may be the best choice for many people. It is...