Married filing Separately - benefits lost
Answer:
If you are Filing as Married filing separately, you must have lived apart from your spouse for the last 6 months of the year to take advantage of the dependent care, earned income, elderly credits and the $25,000 rental loss allowance.
Also Social Security will be 85% taxable.
Speak to your local CPA about the tax strategy of using married filing jointly or married filing separately.
Also Social Security will be 85% taxable.
Speak to your local CPA about the tax strategy of using married filing jointly or married filing separately.
Interested in more Married Filing Separately Questions?
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- I am legally married . Must I file a joint tax return ?
- I got married during the year. Can I still file as single for this year?
- Married filing Separately - benefits lost
- If I file married filing separately, can I use the standard or itemized deduction amounts?
