Married filing jointly is a popular tax filing status

You've made it through the wedding, and now you're ready to file your taxes. Maybe you're looking forward to a joint tax filing or maybe you're dreading it. Either way, let's explore what married filing jointly means and how it impacts your taxes.

Married filing jointly is a popular tax filing status, because it's the simplest way to pay taxes as a married couple.

Married filing jointly is a popular tax filing status, because it's the simplest way to pay taxes as a married couple. The filing process is simple and straightforward, and you can file online or by mail.

You can also file jointly with your spouse's tax return if you want. This means that if you're married and both of you earn income during the tax year, only one of you needs to file a separate return (your spouse). Your combined income will be reported on one Form 1040 or Form 1040A. And that's not all—you can even get help from an accountant or tax preparer when doing your taxes! You could also choose to file separately from your spouse. If so, each person would fill out their own Form 1040 form (because each has their own earnings). But remember: if neither spouse itemizes deductions on Schedule A (for example), then neither should claim more than $12,200 in itemized deductions on his or her return—even if they have medical expenses greater than this amount!

Three different types of income are taxed when filing jointly.

When you file your taxes jointly, there are three types of income that are taxed. All earned income is taxed the same, whether it's from a job or from investments. Unearned income includes things like capital gains from selling stocks or real estate, dividends and interest on investments, and passive business income such as rental properties. Tax-exempt income is not taxable to either person. This includes Social Security benefits and some tax-exempt pensions.

Married filing jointly tax brackets don't add your income and your spouse's income together.

Filing jointly is the simplest way to pay taxes as a married couple. If you are married, or in a common law marriage, or if you were living together for the last 12 months and considered filing jointly, then it's possible to file your tax return as a couple.

Here's how it works:

  • First of all, do not add your income and your spouse's income together—you'll be taxed separately on your own incomes. So if John brings home $50k and Jane earns $35k, the two of them can still file under joint status if they choose to do so (assuming they meet all other requirements).

  • Second of all, each spouse completes their own individual tax return form (1040), but all their information will be reported on one master document called Form 1040A when they submit it to the IRS together at year end.

Tax credits may impact your total income tax bill. Some credits are adjusted for joint filers.

When you file your taxes, you're generally looking to see how much income tax you owe. But not all of your tax bill is calculated using the same system. Some of it depends on which credits you qualify for and whether those credits are adjusted for joint filers or not.

There are two types of credits: nonrefundable and refundable. Nonrefundable means that if the credit brings down your tax liability below zero, you don't get any money back from the IRS. In contrast, refundable means that if the credit brings down your tax liability below zero, then a check will be sent to cover the difference between what's owed and what was paid through withholding or estimated taxes throughout the year.

Credits are subtracted from an individual's total income tax bill before calculating whether they owe anything more or less than they've been paid by their employer in payroll taxes (Social Security and Medicare). The goal here is to make sure single filers with similar incomes pay roughly equivalent amounts in federal income tax as couples filing jointly with similar incomes--but without penalizing single parents who have children under 18 living at home full time!

Filing married but separately can lead to a higher tax bill than filing jointly.

If you have a spouse or common-law partner, the filing requirements for your taxes become more complicated. Depending on the income and other factors, it might be beneficial for you to file jointly with your spouse or partner. Your combined tax liability will be less than if you filed separately, since some deductions can only be claimed when filing jointly.

However, there are also downsides to married filing jointly: it makes sense only if both spouses/partners have earned income and both want to claim deductions such as child care expenses or student loan interest payments. If one of them has little or no earnings but wants to claim these deductions anyway (as happens especially often in situations where one spouse/partner stays at home), then it's usually better for that person to file separately rather than with their partner/spouse because otherwise they'll get no benefit from these deductions whatsoever—they'll still just get whatever standard deduction is allowed by law regardless of whether their combined earnings exceed those amounts.

If you file jointly, you're responsible if your spouse owes back taxes or student loans.

Filing jointly means you're responsible for any unpaid taxes, student loans, and other debts your spouse may have. If your spouse owes taxes or has unpaid student loans, those debts become part of the joint tax return. You are responsible for paying them even if they were incurred before you got married.

You may have heard that "marriages are made in heaven," but filing married filing jointly taxes is not always blissful.

You may have heard that "marriages are made in heaven," but filing married filing jointly taxes is not always blissful.

Filing jointly can be the best option for some couples, but it's not right for everyone. Filing jointly may lead to a higher tax bill than if you and your spouse file separately, and there are other factors that can mean married filing separately might be the better choice (for example, if one spouse has a high income and the other has no income). And if you file jointly, then you're responsible for your spouse's tax debt—so make sure they've paid their fair share before making any decisions!


If you're getting married, filing jointly is probably the easiest way to go. And if you're already married, there's no reason not to file your taxes with your spouse. But consider all of the factors before making a decision—and always consult with a tax professional before making any decisions about how to file!