Business and Personal Finance Dictionary

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• MARRIED FILING SEPARATELY
  
  Just because you are married doesn't mean you have to file jointly. Some couples find that separately figuring taxes on each spouse's portion of their income and deductions is advantageous. Or they may just feel more comfortable keeping their tax situations separate. Separate filing by married couples, however, can be problematic. Some states view a married couple's income as split 50/50, regardless of which partner earned the money and require that even split to be used even when the spouses fi
  
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