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Bill
Bill, Enrolled Agent
Category: Tax
Satisfied Customers: 3152
Experience:  EA, CEBS - 35 years experience providing financial advice
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husband started drawing social security retirement in 2007, ...

Customer Question

husband started drawing social security retirement in 2007, he had 23,000 income in addition to social security of 16,478, wife had 38,000 income. would it be better to file married filing seperately in order to avoid paying large taxes on his social security?
Submitted: 8 years ago.
Category: Tax
Expert:  Bill replied 8 years ago.

It won't help to reduce taxes on your social security because the base amount is $0 rather than $32,000, (in the calculation to determine the amount taxable) if your filing status is married filing separately and you have lived together at any time of the year. Hence, your benefits become taxable at a much lower level of income.

See page 3 - http://www.irs.gov/pub/irs-pdf/p915.pdf