You qualify for married filing jointly status as long as you were married by Dec. 31 of the tax year you’re filing for. » Learn more: See tax rates and brackets for each filing status Who can use the married filing jointly status? In most cases, people who are married can use ...
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Generally, married filing jointly is more generous due towider tax bracketsand a bigger standard deduction, Lucas said. For example, the10% bracket kicks inwith $22,000 in taxable income for joint filers, versus only $11,000 for couples filing separately for 2023. However, there are scena...
For married student loan borrowers, your tax filing status —“married filing jointly” versus “married filing separately” — affects how much you pay in taxes. It also impacts how much you pay on your monthly student loan payment, especially if you're using the SAVE, PAYE, or IBR payment...
Withholding Tax Explained: Types and How It's Calculated