Article Date:
April 2021


Word Count:
1671

 

 

Wow! Married, Filing Separately, May Be the Tax Year 2020 Strategy


If you are married, most likely you’ve always filed a joint tax return with your spouse.

 

Most of the time, a joint return shows less overall tax than two separate tax returns, because the married-filing-separately status has many tax disadvantages.

 

But fast-forward to the 2020 tax filing season—and nothing is as it was.

 

On the 2020 tax table, you find tax-free unemployment benefits and three rounds of recovery rebates. And you might find more cash by simply using the married-filing-separately option.

 

Surprised? Good! Read the article to see how these specific tax provisions work in the married-filing-jointly versus married-filing-separately 2020 tax returns. ... Log in to view full article.

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