It’s always easy to file joint tax returns because it’s more convenient to file one tax return instead of two. Furthermore, filing one tax return doesn’t just save you time, it also results in a lower tax bill. But it’s best to file taxes separately because it may benefit you in many ways. Before we get into that, let’s find out what married filing separately means.

What is married filing separately? 

There are five tax-filing statuses given to all the taxpayers in the United States of America. Married filing separately is one of them. Under this category, married people have the option of filing taxes separately instead of combining them together into one joint tax return. Each partner files their own tax returns and deductions based on their earnings and expenditures. 

How married filing separately works 

If you are married and have been filing taxes jointly, then you can select the option of married filing separately and do your taxes individually. However, there are a few rules you must follow:

How to decide if it’s right for you 

It’s nothing uncommon or unnatural to file for taxes separately when you are married. Many people do that because of the perks this tax status offers. Read the below points to decide if it will be convenient for you:

Student loans

Medical expenses 

You can deduct the medical expenses that exceed 7.5% of your AGI (adjusted gross income). When both the partners file this deduction separately, the reimbursement can be high.

Complicated spouses

If you are thinking about filing taxes separately, you can talk to your partner about this first and find out which will be more beneficial for you. However, if you live in a community property state like Arizona or Texas, then you won’t be able to enjoy the advantages of married filing separately because these states have a law where the earnings of both spouses belong to both of them equally. Couples living in these states will have to report half their income which will annul most of the benefits you get from married filing separately status.