How should we file taxes this year?

Question

I got married, bought a house and started a new job all within 8 months of each other. I make 45K/year and she makes 30K, so together we make about 75K. Will it be better for us to file separately or together to take advantage of the standard/mortgage deductions?

Thanks.

Answer 1

It is almost always better to file jointly.  But just run the numbers both ways when the time comes - then you'll know for sure.

Answer 2

Almost always more advantageous to do MFJ than MFS, which are your only choices. . .particularly with a new house

If filing MFS, both must itemize or neither can itemize. . . .

But Jackson Hewitt or Block or Turbotax can check it out both ways so you can see what's best

Answer 3

Fill it out both ways, and file whichever way gives you the bigger refund.