Advantage Method of Filing

Advantage Method of Filing

Problem 66 pg.45John and Martha are planning to be married. Both are
professionals each with gross incomes of $100,000 annually. They
are deciding on a wedding date. They have two dates to choose from:
December 14, 2012, or January 2011, 2013. If they marry on December
14, 2012, they will have to choose between married filing
separately and married filing jointly.  They will both claim
the standard deduction. Is there an advantage to either method of
filing? If they postpone their wedding until the January date and
file as single persons, will they reduce their tax bill for
2012?

Is this the question you were looking for? If so, place your order here to get started!