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Updated almost 7 years ago,

User Stats

124
Posts
42
Votes
Ben Kirchner
  • Durham, NC
42
Votes |
124
Posts

File married jointly or separate?

Ben Kirchner
  • Durham, NC
Posted

My wife and I keep our financial accounts seperate, and simply share a mutual credit card that we equally contribute to for mutual expenses (mostly groceries).  I purchased 2 houses with my own finances in 2017, which are completely in my name.  Would we be best off filing separate?

My wife and I got married in 2016.  She had $0 taxable income in 2016, but now has a full year of taxable income in 2017.  I will also note that my wife and I are purchasing future investment properties together, starting 2018.  

Would I be best off filing as separate?  Any advantages for filing jointly?

Thank you

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