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Joint Tax Preparation In Stamford: Simplifying Taxes for Married Couples

Joint Tax Preparation

There are many advantages to filing a joint tax return, and your joint tax preparation expert can help you ensure that you receive all of the credits and deductions that you and your spouse are entitled to. SKG Tax offers a full spectrum of tax services and can help you choose the right filing status to fit the needs of your Stamford household.

Quality assurance and careful analysis are the cornerstones of our proactive approach to joint tax preparation for our Stamford clients. To request a free initial consultation for joint tax preparation or other tax services in Stamford or the neighboring North New Jersey communities, call the pros at SKG Tax today at 203-595-5154.

Married Filing Jointly Tax Prep

Which box should you check on your tax return? Deciding whether you file as married filing jointly or married filing separately can make a difference of thousands of dollars, so it's important that you understand the implications of choosing the best filing status during the tax prep process.

  • In order to take advantage of the married filing jointly option on your tax returns, you must be married by the last day of the tax year for which you and your spouse are filing.
  • Deductions and credits for student loans, education, tuition, and earned income are only available if you file as married filing jointly.
  • If an individual owes back taxes, your spouse can submit the Injured Spouse Allocation form to avoid being penalized.
  • Some tax software will automatically determine your filing status, which is why it's important to have a joint tax preparation specialist handle your return.

At SKG Tax, we'll help you select the best filing status and provide expert guidance to ensure that you're maximizing available adjustments, deductions, and credits. To request assistance with joint tax preparation, personal tax returns, or other tax services in the Stamford area, contact us today.

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Married Filing Separately

Although most married couples opt to file jointly, there are instances where choosing married filing separately is a wise decision. A few things to know about separate tax filing for married couples:

  • If there's a large discrepancy in income, the lower-paid spouse may benefit from itemizing their deductions on a separate return.
  • Couples who are going through a separation or pending divorce often choose this status.
  • Filing separately can shield one spouse from tax liability issues for questionable transactions, student loan repayment, or deduction scaling.
  • Married couples who file separately may lose out on tax credits or see limits on their deductions.

Are you ready to begin a proactive joint tax preparation experience that differentiates us from the cookie-cutter competition? Schedule a consultation in the Stamford area with the pros at SKG Tax.

Frequently Asked Joint Tax Preparation Questions

While it's common for married filers to file jointly, there are certain circumstances where married filing separately is the best option. When it comes to your joint tax preparation, the pros at SKG Tax will evaluate your unique situation and help you choose the best filing status to maximize deductions and credits while minimizing your tax liability.

You'll need the same records for joint tax preparation that you have for individual tax preparation - W-2 and 1099 forms, receipts, statements, and other relevant forms - for both spouses. If you have questions about joint tax preparation, call the experts at SKG Tax today at 203-595-5154 to request a free initial consultation.

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