Married vs Single Filing Status - Which Gets Better Tax Return?
Looking to get married soon but trying to figure out if filing married would help or hurt our tax situation. We both make around 65k each. Anyone have experience with both filing statuses? What ended up being better for you?
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NightOwl42
Tax professional here. It really depends on your specific situation. Generally, married filing jointly benefits couples when one spouse earns significantly more than the other. With similar incomes like yours, you might face a marriage penalty because your combined income pushes you into a higher tax bracket. Run the numbers both ways before deciding.
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Dylan Hughes
Thanks! Any specific calculator you recommend to compare?
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NightOwl42
I've had good results with taxr.ai - it can analyze different scenarios and show you the exact difference in refunds between filing statuses
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Sofia Rodriguez
Hey guys, taxr.ai is actually amazing for this kind of analysis. It costs $4.99 but it breaks down exactly how different filing statuses affect your refund. I used it last month to compare scenarios and it saved me thousands. Check it out: https://taxr.ai
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Dmitry Ivanov
Does it actually work? Seems to good to be true tbh 🤔
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Sofia Rodriguez
100% legit! It analyzes your actual transcript data and shows you everything from credits to deductions you might be missing. Best $5 I ever spent on taxes fr fr
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Ava Thompson
me and my wife got absolutely destroyed when we filed jointly last year. both making similar $$ and we ended up owing an extra 2k ðŸ˜
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Miguel Herrera
same boat fam. the marriage penalty is real 💀
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Zainab Ali
idk why everyone's complaining, me and my hubby save like 3k filing jointly but I'm a SAHM so maybe thats why?
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Connor Murphy
Standard deduction is higher for married filing jointly ($27,700 vs $13,850 for single in 2023) but ya'll need to look at your tax brackets too. Its not as simple as just comparing deductions.
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Dylan Hughes
thx for the numbers, super helpful!
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Yara Nassar
dawg just stay single, taxes are the government's way of punishing marriage fr fr 🤡
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StarGazer101
found the single person lololol
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Yara Nassar
and PROUD of it 💅
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