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If my wife has no income but has debt ; how should I file my…

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If my wife has no...
If my wife has no income but has debt ; how should I file my taxes ?
Submitted: 2 years ago.Category: Tax
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2/15/2016
Tax Professional: Tax.appeal.168, Tax Accountant replied 2 years ago
Tax.appeal.168
Tax.appeal.168, Tax Accountant
Category: Tax
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Experience: 3+ decades of varied tax industry exp. Tax Biz owner
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Q: If my wife has no income but has debt ; how should I file my taxes ?

A: It is better if married couples file married filing jointly. Filing this way provides more credits and deductions than if you file married filing separately. SEE BELOW:

Generally, filing jointly will give you a bigger refund or less taxes due. When you file separately, your tax rate is higher and you won't be able to claim:

REFERENCE SOURCE:

https://ttlc.intuit.com/questions/1894449-is-it-better-for-a-married-couple-to-file-jointly-or-separately

Let me know if I can be of further assistance to you regarding this matter. Respectfully, ***** ***** rating of 3 or more stars is also appreciated so that I may receive credit for assisting you today.

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