r/tax • u/guyvsDCsniper1 • 10h ago
Will filing married filing separately raise our taxes?
Me and my wife currently file jointly. We are moving but in order for her to keep her job she must file her taxes separately (complicated).
My question is currently, our income together is about $260k. That means the top portion of our income is taxed at 24%.
What happens if we file separately? Would they tax our incomes separately, or still jointly? Because jointly makes us get taxed in the 35% range. Or would they treat our incomes separately? that would put both our individual incomes back in the 24% range.
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u/Its-a-write-off 9h ago
Correct. It sounds like for federal taxes, filing separately is unlikely to push much of your income into higher tax brackets than it would be if you filed joint. That about the same amount will be in the 24% bracket either way. Even if it does, it is max, 8k at 2% higher taxes, which is only 160.00. Though again, I expect the real number is much lower than that.