Filed jointly vs separately for USA taxes?

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mrkwkkrn
Posts: 22
Joined: Tue Apr 08, 2014 10:04 pm

Filed jointly vs separately for USA taxes?

Post by mrkwkkrn »

Here's a question for you: My wife and I are both living in the USA, but are both Canadian, and she is an American citizen, and I am a permanent resident. This results in some very complicated tax situations. FYI my income was $14K CDN(EI income), and $10K USD, and my wifes was $36K.

I was just about to submit our taxed (filing jointly), when I thought what if I file separately? It dropped our taxes owed from $2000 to basically 0!

My question is are there any major implications to doing this? Can we switch back to filing jointly next year?

FYI I am also planning on filing section 217 in Canada (for my self), and I did include that income on my US return, but did not claim a foreign tax credit.

Thanks in advance!
nelsona
Posts: 18361
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

Since you should be using software, it will decide if you should file jointly or not.

if you are not using software, you are probably wrong, because you claimed your situation is complicated.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
mrkwkkrn
Posts: 22
Joined: Tue Apr 08, 2014 10:04 pm

Post by mrkwkkrn »

I am using Turbotax, so I just changed the option and saw it change!
nelsona
Posts: 18361
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

they should have suggested it.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
mrkwkkrn
Posts: 22
Joined: Tue Apr 08, 2014 10:04 pm

Post by mrkwkkrn »

Maybe I just didn't get that far.
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