How Couples Handle Taxes
When a couple gets married, they must make numerous decisions, some simple and not life-changing per se, and others extremely important. How to file when it comes to their taxes, is one of the extremely important ones. What are the options and what happens if one spouse mishandles the tax filing process?
Is Jointly the Best Way for Couples to File Taxes?
Typically, it is most advantageous for married couples to file jointly, because the government has created tax breaks for filing this way. So why would a married couple choose to file separately? There are instances where it makes sense. One example is if one spouse has extremely high medical expenses that they can claim. The IR