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When Is a Separate Return Better?
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If spouses file separately, each must report only his or her own income, exemptions, and deductions on his or her tax return. However, in community property states, the general rule is that each spouse must report one-half of the combined community income.
To be absolutely certain whether joint or separate returns are better, you should compute your tax liability both ways and compare the results. It's especially important to run the numbers where one or both spouses may be liable for the Alternative Minimum Tax.
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CompleteTax Advantages
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- FREE electronic filing with paid processing.
- CompleteTax prepares both your federal and resident state returns.
- File electronically and you may qualify to use our Refund Anticipation Loan (RAL) service, which lets you get your refund FAST!
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- Learn how to file an Amended Return.
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