Money Matters

Accounting, taxes, and more. Your financial questions answered.

Married Filing: Joint vs Separate

Married couples can file their federal income taxes jointly or separately. When you file a joint tax return, both you and your spouse report your income, deductions, credits, and exemptions on the same tax return. This also means that you are both responsible for each other's tax liability. Even if you reported no income on the return, you will be ...
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