Married couples reading this may save money if you and your spouse have separate incomes, you will probably want to figure your tax separately.
Couples often save money by figuring their tax this way. Explained below are two different methods to figure your taxes separately. Use the one that suits you best.
Married Filing Separately on Same Return
This is a method of tax computation which may reduce the tax liability if both spouses have income. The net result will be either a combined refund or a combined tax due.
Married Filing Separate
File separate individual tax returns. One of you may owe tax and the other may get a refund. In that case, you will have two different situations. Each one must be handled as a separate transaction. The tax due must be paid with the proper tax return and the refund will be made on the other one. You may not offset one against the other.
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