cube_rat
Thinks s/he gets paid by the post
- Joined
- Jul 12, 2005
- Messages
- 1,466
As some of you know, I had an AMT question a few days ago. Based on some high level calcs, it looks like we won't have to worry about AMT. I am, however worried about our AGI and the 33% tax bracket hit
I ran some numbers with my spouse and I filing separately and dividing the mortgage int, prop taxes in half. Filing separately actually reduces our tax liability by about $6000.
Can we do this? All of the IRS material points to filing separately as okay. I'd just like to validate with folks who maybe experienced the same situation.
I ran some numbers with my spouse and I filing separately and dividing the mortgage int, prop taxes in half. Filing separately actually reduces our tax liability by about $6000.
Can we do this? All of the IRS material points to filing separately as okay. I'd just like to validate with folks who maybe experienced the same situation.