Mark Kohler, senior tax advisor at TaxSlayer, discusses if you should file taxes jointly or separately if you are married. Married filing jointly is generally better than filing separately. You get the dependent care expense, the adoption expense, and double the standard deduction. Instances when filing separately pays off: when you and your spouse make the same amount of money. Some itemized deductions are more beneficial on a personal level.... ( read more )
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Marriage brings a multitude of financial decisions, and one of the most prominent ones is filing taxes. As a married couple, you have the option to file your taxes jointly or separately. Both approaches have their advantages and disadvantages, so it's essential to carefully evaluate which option best suits your financial situation. Let&#
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)