Evaluate Married Joint or Seperate

PaulMTroy
PaulMTroy Member Posts: 2 Newcomer
in Live Q/A Event

I got married earlier this year. Both my wife and I have multiple years of filing with FreeTaxUSA (filing single). I have a loss carry forward, prior year tax payment, and other items which carry forward to this years return.

I want to evaluate the results of filing joint or separate to see which is most advantageous. I know I can start new returns, however I would like to take advantage of populating this years return with prior information.

Any suggestions?

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Answers

  • CoryF
    CoryF FreeTaxUSA Agent Posts: 115

    Thank you for joining our community, Paul.

    FreeTaxUSA 2024 is open for you to rollover your 2023 information. Signing into the current tax year (2024) will cause the rollover of your 2023 information to move into filing 2024. You can then change your marital status to make changes to your return as Married Filing Jointly or Separately. You will need to estimate your income as you have it at this point. All carryforwards will populate automatically as filed in 2023.

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  • PaulMTroy
    PaulMTroy Member Posts: 2 Newcomer

    Thanks, that makes sense

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