My spouse and I are married, filing separately. Itemized deductions on this type of tax return seems complicated. How should we split our married, filing separately itemized deductions?
Married, filing separately itemized deductions appears to be a complicated issue, but in reality it can be quite simple if you follow some basic rules.
First, the spouse who paid an expense that results in a tax deduction should claim the full deduction.
Second, if you and your spouse paid the expense from a joint account you will need to divide the deduction according to your interest in the account. In community property states, expenses paid with community property (a joint checking account) should be divided in half.
When married couples choose to file tax returns as married filing separately they report their own earned income and expenses on individual tax returns. In doing so, the married couple must agree how to best divide itemized expenses or choose to use the standard deduction to reduce their tax. The standard deduction is an amount that reduces the taxable income and eliminates the need to itemize tax deductions. Calculate both methods to decide which is most beneficial to you.
Learn more about earned income credit eligibility and get tax answers at H&R Block.
Looking for virtual tax help with your online filing? Learn more about your options by comparing TurboTax Live to H&R Block Tax Pro Review and Tax Pro Go.
Do you know what your tax filing status is? Learn how to determine and check your tax filing status with H&R Block.
Do you have unreimbursed expenses to include on your tax return? Learn how to claim unreimbursed employee expenses with IRS Form 2106.