3 ms·
I believe you can still file separately, though the mortgage interest deduction is limited to 500K of loans per person instead of 1M.
by laurencerowe 11y ago
I believe you can still file separately, though the mortgage interest deduction is limited to 500K of loans per person instead of 1M.
- etalam 11y agoYou can still file separately, but the brackets for singles and married filing separately are different. The brackets for married filing separate is effectively the brackets for married filing jointly except split in half. At lower levels it's the same, but once you get to the higher ends of the 25% and beyond they start to diverge: http://www.bankrate.com/finance/taxes/tax-brackets.aspx http://www.bankrate.com/finance/taxes/tax-brackets.aspx