I am in the process of divorce and moved out of the family home into an apartment in June 2017. I have always filed jointly with my husband for almost 30 years. I am wondering which would be better this year due to the change - jointly or separately. My estranged husband has communicated that it would be better for both of us if we file jointly, but I don't trust his assessment. Additionally, my divorce attorney mentioned something about me possibly being able to claim my apartment costs if I file separate but not if we file jointly, but she wasn't sure of the details. I live in Michigan, if that matters.

February 29th, 2024

I need help figuring out what I should pay in 2018 estimated taxes. I file married filing jointly and am the only income earner. I am a partner in an LLP with a gross income of $346,000, AGI of $332,500 after subtracting half of my SE Tax, and I plan to take the standard deduction of $24,000. My taxable income is $308,500. What will be my tax before SE tax is added, and is the 199a deduction subject to AMT? Additionally, if my taxable income exceeds $315,000, is there a formula for the phase-out, and could my after-tax income be lower than if I made $314,999?

March 27th, 2023

Do the new tax changes passed in Congress affect the taxes I'm filing in April?

December 15th, 2024

Is there a penalty exception for a divorced spouse receiving the other spouse's retirement distribution as part of the divorce?

February 19th, 2024

Can I claim a credit for geothermal units installed in each of our two houses, as TurboTax only allowed me to claim the credit on one?

June 18th, 2023