Welcome Guest. Register Now!  


Itemized Deductions Schedule-A


Find a tax professional cpa near you

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 02-24-2008, 11:04 AM
Junior Member
 
Join Date: Feb 2008
Location: Lincoln Univerity, PA
Posts: 1
How to devide up Itemized Deductions when filing Married filing Separately

I'm a bit confused on how to share itemized deductions when filing married separately. I want to see if we can reduce our taxes if my wife and I file Married filing separate. If, for example we have a 15,000 deduction for mortgage interest, can we both claim the 15,000 or must that amount be divided up where we would each claim 7,500.

Last edited by dheller : 02-24-2008 at 11:06 AM. Reason: typo
Reply With Quote
  #2 (permalink)  
Old 02-24-2008, 03:25 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 1,671
Blog Entries: 3
How to divide Itemized Deductions when filing Married filing Separately?

I have recently answered a similar question. Please click on this link below, and hopefully, you will find your answer.

If I am filing married filing separate, how should we split our itemized deductions?
__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.
Reply With Quote
Ads
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 
Financial Planning