Should You and Your Spouse File Taxes Together?

People who are married are supposed to do many different things together. Therefore, married couples need to handle most things together. When the first of the year rolls around, you will have to focus your attention on filing taxes. Failing to do so can have dire consequences.

In most cases, married couples choose to file their taxes together every year, with some of them thinking that they have no other choice but to do so. You should know that it isn’t always required to file together. Depending on your particular situation, you may find it more beneficial to file your taxes by your lonesome.

If you don’t file together, then the money that you get back may be much less than you’re used to. People who file their returns separately may not benefit from credits for child care or earned income. You won’t be able to itemize your deductions differently than your spouse either. Filing taxes separately may be the better route for a few other reasons though.

Tax evasion and failing to file all of your income can put you in a lot of trouble. If you file your taxes with your spouse, then you would be liable for any problems regarding your tax statement. If your spouse lies about his or her income, then you could get in a lot of trouble too. If your partner doesn’t claim all of his or her income, then it may be best for you to file separately.

Not all couples make nearly the same amount of money either. If you make a lot less money than your spouse does, you could get more money back at the end of the year if you file separately. You and your partner may not make the same deductions on your returns every year either. You could avoid a lot of headaches if you filed separately because of the way you both do your deductions.

Couples that have children will typically find it better to file their taxes together. You obviously wouldn’t have to worry about child care credit and other things if you didn’t have children. No two couples circumstances will be exactly the same.

It may be a good idea for you do the taxes using the two different methods. After you have used both methods to compute the taxes, then you can see which one is best to use. However, just make sure that you can trust the information that your spouse provides because you can get into trouble too if it is inaccurate. Doc No. 34Sdlhgsdl -sds

Kristie Brown writes on a variety of topics from health to technology. Check out her websites on stop my divorce and stop divorce

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