Should You File Married Jointly in 2023? Tax Expert Weighs In

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*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#taxes #taxfreeliving #taxexpert #taxreduction #llc

[Yoromo]

By far the best video I’ve seen about Taxes, very well explained and very neutral without pushing us to either side, just giving the facts and letting us decide. Thank you

[mindE]

You forgot to mention a very important point about filing separately. If the one spouse chooses to itemize their deductions with that $17k medical expense then the other spouse HAS TO itemize too. If they don't have any other deductions such as their own medical expenses, mortgage interest, property taxes, etc then their deduction is ZERO 😄. In other words, Married Filing Separate usually always screws at least one of them over.

[antoinettemoorman]

Hi Karlton. Love all the information that you put out! Can you please do a part 2 to this video and talk about other reasons why people file Married Filing Separately such as spouses of deployed service members and expats? Can you also talk about who gets to file head of household and what those pros and cons look like? Thanks😁

[veronicabujanos]

Is it worth filing seperately because of income based student loan repayment?

[RubeeRoja]

Thank you so much for this information! 3 months into marriage and not living together with my spouse who makes significantly more than me. So I have a lot of questions. Especially since I received health insurance through the affordable Care act throughout the year and because I have aided special needs dependent. My spouse doesn't have those factors. This helped me a little while struggling with the decision. So new to this!

[germanespinoza]

Good information, I hope we can learn avoiding future mistakes !
Good video 👍👍

[pach]

Thank you bro this video was so helpful, thank you I'm definitely subscribing...

[ricardotortolero]

A disadvantage of filing together is that they only can buy only one house using FHA and not one each of them using the FHA. right???

[extremegirlny]

As a newly married woman, am I responsible for owe taxes by my Spouse when we file separate?

[unprovokedviolence]

i filed on turbo tax and they're saying it was rejected because my SSN was used this year on another tax form. i think my fife filed 'jointly' on the return they did when our actual intent was to file separately.

[adtlive]

I can't seem to figure out exactly why, but preparing our taxes married jointly and married seperately is a difference of 3k in favor of filing seperately. My wife made 30k and I made 50k and we have 2 children and own our home. Did I make a mistake somewhere?

[keisuzprovost]

So my wife and i were going to file jointly, but because of her student loans if we file jointly, then her payments go
Significantly higher. Also we just purchased a home in Idaho in March of 2023. We are planning on filing separately. I make significantly more than my wife. Do we both have to put the home interest and taxes on the forms when we file? We are just so new to this stuff.

[reneirtaylor]

I thought this was David Washington (Denzel’s son) giving me tax advice 😂😂

[JoeSmith-bumq]

I'm single but vital information, just in case..

[Localislandflavor]

Can you claim business deductions if filing married jointly? My wife is W2

[phenixlopez]

Can you discuss a topic on when you're filing your taxes and why does child support services take your return and how can you stop it.

[ThatWeirdPlaceInYT]

Hello everyone, I hope someone can shed some light on a possible scenario and end an argument. Lets say spouse A earned $50, 000 and filed married separate. Spouse B earned $20, 000 and refuses to file. Does Spouse B legally have to file? I believe so because the minimum income to file separate is $5. Spouse B thinks he does not have to file because his income is under the minimum to file married joint. But if his spouse filed married separate, that leaves him with no choice but to go with the requirements as married separate. I googled this scenario and have found nothing about it other than articles about the pros and cons of filing separately.

[sandrasolorzano]

I have a question. If you file married filing separately on your tax return because of medical expenses does this also qualify you for certain benefits such Medicaid since your income is now lower? Please advice. Thanks

[prof.m.abbas]

Pre school teacher in nyc public schools can reach 140k, without any overtime or summer. 😂 it’s crazy that some states still paying 30k. Regardless how cheaper those states are.

[andytran]

Do I file tax on all w2 form I received? (3rd party long term disability payment)