Ask Experts Questions for FREE Help !
Ask

Re: Nj-1040nr

Asked Feb 10, 2006, 12:37 PM — 1 Answer
Is it better to file married jointly or married filing separately? Are there any difference in returns?

Search this Thread
Share |
1 Answer
AtlantaTaxExpert's Avatar
AtlantaTaxExpert Posts: 19,866, Reputation: 3723
Senior Tax Expert
  
#2

Feb 10, 2006, 10:07 PM


This used to be a no-brainer. In about 95% of all cases, it was better to file Married Filing Jointly over Married Filing Separately.

However, now there are no hard and fast rules. You need to prepare the return both ways, because in some cases, you will pay less tax filing Married Filing Separately than filing jointly. I have several clients that I have to run "what-if" scenarios to make sure I get them the highest possible legal refund.
Helpful
Not your question? Ask your question View similar questions
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search

Add your answer here.

Remove Text Formatting
 

Undo
Redo
  
Decrease Size
Increase Size
Bold
Italic
Underline
Align Left
Align Center
Align Right
Ordered List
Unordered List
Decrease Indent
Increase Indent
Insert Email Link
Wrap [QUOTE] tags around selected text
Wrap [CODE] tags around selected text
Wrap [HTML] tags around selected text
Wrap [PHP] tags around selected text
Wrap [YOUTUBE] tags around selected text
Notification Type:



Check out some similar questions!

1040nr or 1040nr ez [ 1 Answers ]

Hi, How to decide if we should use 1040NR or 1040NR EZ? And is there a software that can be used for F1 to H1b filers (92 days on h1b)? Thanks.

1040NR or 1040 ? [ 1 Answers ]

My friend (Married , H1 , Indian) stayed in US for around 4 months in 2004 mid and returned to India . Filled 1040 NR - EZ for 2004 and with status as Married Single. Friend came back to US in Oct 2005 only and continued to stay in US. 1. Since friend did not qualify for resident as...

1040NR or 1040? [ 1 Answers ]

Hi, I was on an F1 visa until Sept 30th 2005. From October 1st 2005, my status changed to H1B. Now, for my 2005 tax return, if I file 1040NR - can I claim both the $3200 deduction and the $5000 Tax treaty deduction? Will the $5000 tax treaty deduction still be valid even though I was not on...

F1/opt- 1040 or 1040nr ? [ 3 Answers ]

Hi, I am an Indian Citizen in US on OPT(F1 Visa). I am Single with no dependents. I was wondering which Form do I need to file - 1040 or 1040NR. I am having around $30000 wage income and $100 taxable interest income to report. So I was thinking of filing 1040NR but I would like to add ...

1040nr [ 1 Answers ]

Hi , Last year I was workin on my OPt for 3 months but my FICa and MEDFICA taxes were withheld. So I had files for a separate form for erroneosly withheld FICa taxes. I received a letter from IRS saying that they cannot process my request since I had not files 1040NR when filing for taxes. I had...

View more Taxes questions Search