asked
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
How would leasing commercial fishing rights affect our social security payments?
August 5th, 2024