married filing separate

[MRPLOW]

Another one from yesterday.

MFJ (High medical expenses for one spouse)
Net Tax: 31,596


MFS
Net tax: 14,950
Net tax: 14,023

MFS COMBINED
Net tax: 28,973

MFS SAVINGS: $2,623


But, I guess these savings are just a figment of my imagination.

[ddoshan]

Another one from yesterday.

MFJ (High medical expenses for one spouse)
Net Tax: 31,596


MFS
Net tax: 14,950
Net tax: 14,023

MFS COMBINED
Net tax: 28,973

MFS SAVINGS: $2,623


But, I guess these savings are just a figment of my imagination.

I don't know mind you but .... In the above case does it matter who actually paid for the medical expense. Or can they assign the medical expenses paid by one spouse for the other to the one with the higher medical expenses. Just curious.

[joanmcq]

I'm in a community property state, and my fee for preparing MFS will usually outweigh any savings. Unless there's a lot of separate property, it usually doesn't make sense unless one spouse has outstanding tax bills.