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Welcome and thank you for giving me the opportunity to assist you with your tax question.
Based on the information contained in your question, the approximate tax liability for MFJ would be $8194 and for MFS would be $12099.
Please let me know if I can assist you further.
Thank you and best regards,
With all due respect, the amount offered as payment in your initial question was underpriced as to the federal estimates, and your initial question did not mention federal plus state plus city. Please post the state and city as a separate question.
I will submit this issue to customer service.
Your initial question asked for the approximate tax that would be due in EITHER scenario and I provided the approximate tax that would be due for BOTH.
I will opt out and let another expert assist you further.
Married Filing Jointly (State and Federal is Side by Side. See below BOTH projections for City tax)
CITY TAX = 2709
MARRIED FILING SEPARATELY
CITY TAX HERE is 3037
Because the formatting did no transfer well, I'll summarize here for you,
Married Filing Jointly
Two Child credits on federal side makes it …
Married Filing Separately
No Child Care Credit here
If this HAS helped, I would appreciate a feedback rating of 3 (OK) or better … That's the only way they will pay us here.
HOWEVER, if you need more on this, PLEASE COME BACK here, so you won't be charged for another question.