Married filing jointly vs married filing separately

Joshjosh
Joshjosh Member Posts: 1 Newcomer
edited December 2024 in Filing my taxes

Is there a way to compare married filing jointly vs married filing separately in freetaxusa? While rarely advantageous from a tax payment perspective, with federal student loans, mfs may make more sense. Curious if there is an easy way to compare federal tax burden.

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  • Diana
    Diana FreeTaxUSA Agent Posts: 9
    Answer ✓

    I would recommend creating three separate accounts:

    1. You and your spouse MFJ
    2. You as MFS
    3. Your spouse as MFS

    Please keep a good record of all the different accounts. This will allow you to create the three separate returns and see what your tax/refunds amounts look like.

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