Submitted by Existing_Ad_5591 t3_11efhvg in personalfinance
peteb82 t1_jaebn8o wrote
Reply to comment by TeignmouthElectron in Married in June of 2022: Do I file taxes as a single person or joint with my wife? by Existing_Ad_5591
MFS will phase you out of several things completely. Notably Roth IRA income limits are very harsh for MFS. It is almost never a better option.
TeignmouthElectron t1_jaemqxr wrote
That one is particularly fucked up! What else does it phase you out of? I’ve reviewed for my personal case and found absolutely no difference. We both have small businesses as LLCs so it is cleaner to file separately, and had no loss in tax implications.
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