Deciding how to file your taxes as a married couple can have a meaningful impact on your return. Depending on your situation, it may affect how much you owe or receive. Many couples assume married ...

Married couples over 65 can claim a new $12,000 deduction, but two rules can wipe it out. Here is how the phase-out works and ...

When it comes to tax time, filing taxes as “married filing separately” might seem like a simple way to keep finances tidy, but the tax code treats this status very differently than most couples expect ...

Dear Kathy, Why is it that I cannot claim my Student Loan interest if my filing status is Married Filing Separately? Also, I have been separated (not legally) from my wife for over 6 months, could my ...

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Question: My husband and I are filing for divorce in 2026 and we lived together for all of 2025. My attorney told me that we can file “Married Filing Separately” or “Married Filing Jointly” for 2025.

Marriage can shift how you’re taxed, how debt is shared, and what legal obligations you carry. You may feel overwhelmed, especially if you or your partner bring different incomes or financial ...

For federal income tax purposes, your marital status is determined under state law as of the last day of the calendar year. That matters when choosing your filing status. Your filing status is one of ...

For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their federal return.