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Married Couples: Should You Choose to File Taxes Jointly or Separately? By Mark Kohler

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 ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA 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...

Top 10 Tax Credits (Approved by the IRS)

When it comes to reducing our taxes, there are many different ways to do it. But one of the most straightforward and best tax reduction levers is tax credits. So in this video, I review the 10 best tax credits you want to be aware of. Disclaimer: Please don’t take this as tax advice. This video has been prepared for informational purposes only. Tax rules are constantly changing, so for the latest information, please refer to the IRS Website ( Timecodes: 0:00 - Intro 0:27 - Tax Credit 101 4:07 - Premium Tax Credit (PTC) 5:35 - American Opportunity Tax Credit (AOTC) 6:36 - Lifetime Learning Credit (LLC) 7:23 - Child Tax Credit (CTC) 8:03 - Child & Dependent Care Credit (CDCC) 9:05 - Adoption Credit 9:43 - Saver’s Credit 10:53 - The Earned Income Tax Credit (EITC) 11:39 - Energy Efficient Home Improvement Credit 12:30 - Residential Clean Energy Property Credit ------------ Premium Tax Credit - AOTC - LLC - CTC - Child and Dependent Care Credit - Adoption ...