Posted by: submark February 21, 2018
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Hello Tax expert
Question 1
i own a house its fully under my name interest paid 22K and property tax 7k, in 2017
both of us made 75 k each total 150K
simple math
if i filed separate i can deduct around 40 k (including milage and charitable contribution) only from myself.
my wife can go for standard deduction /or itemized
We have a kid too.
In this scenarion married file separate or join which is best ? common thought married join is good but which sceanario married separate is good?
Question 2
First time i am trying to do my tax return myself turbo tax or credit karma which one is best?
Thanks in advance
Question 1
i own a house its fully under my name interest paid 22K and property tax 7k, in 2017
both of us made 75 k each total 150K
simple math
if i filed separate i can deduct around 40 k (including milage and charitable contribution) only from myself.
my wife can go for standard deduction /or itemized
We have a kid too.
In this scenarion married file separate or join which is best ? common thought married join is good but which sceanario married separate is good?
Question 2
First time i am trying to do my tax return myself turbo tax or credit karma which one is best?
Thanks in advance