Have a Tax Question? Ask a Tax Expert
Hi from just answer. I'mCustomer I'll assist.
You likely won't save anything by filing separately. That generally benefits only when one of you had high medical expenses. The higher tax rates levied on married separate offset the savings.
You might consider something else, that is, incorporating your business and taking a w-2 from it for some of the income. Any profits you don't take as wages escape the 15.3% self employment tax.
Thanks for asking at just answer. Positive feedback is appreciated. I'mCustomer
I will post an Offer to outline how you can accomplish that very effect.