taxes






 

Question by  Ambur (60)

Can ryou be married and file separately?

 
+6

Answer by  CarolR (61)

Yes, but individuals filing under the (MFS) status are taxed at higher single rates and are excluded from claiming EIC and Education Credits. Amounts for standard deduction, child care credit, adoption expenses credit, and IRA deductions are just some items that are restricted or eliminated when using this filing status.

 
+6

Answer by  tamarawilhite (17883)

Yes, it is legal to be married and file separately. However, you need to be in contact to ensure that you file correctly and do not under-pay, over-pay, or each claim the same tax deductions and thus double claim (child tax credits, education tax credits, health care reimbursement and child care tax credits).

 
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