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January 20, 2020
Question

Married filing separate

  • January 20, 2020
  • 1 reply
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when filing married but separately, how is itemization done? Do you split all the credits in half? such as mortgage interest? Also, what if one spouse is not titled on the mortgage?

1 reply

January 20, 2020

just so the question is asked, what is the specific reason you want to file separately? 96% of married couples file 'joint"? it's an unusual situation.  you give up a lot of tax breaks and normally end up paying more in tax by filing separately than if joint.