Amanda L. asked
I'm curious about my options for filing taxes as married but separate. I was on strike from my company from February to July 2015 and took distributions from my IRA account. I also had loans from my employer's 401k account that defaulted due to an accelerated amortization schedule I couldn't pay. I'm aware of the tax on early distributions from retirement accounts, which are considered income. Should I file married but separate? My wife's tax obligation is smaller than mine, but if we file jointly, it would increase. Looking for advice.
August 17th, 2024
Wendy R. answered
Filing taxes as Married Filing Separately is generally not advantageous compared to filing a joint r...
August 17th, 2024
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