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The tax brackets are marginal. 24% may be your final bracket but only applies to income you two make above $178,151 for joint filing.
In general it is better to file together because you can have double the amount of income before the tax bracket jumps. Just remember that these are marginal rates, so you have to calculate each bracket separately (10% for the first $10,275, 12% for the next $31,500, and so on).
You’re probably going to take the standard deduction and go with married filing jointly. If you input your W2/1099 info into turbo tax or similar software, it’ll tell you which option gives you the larger refund.
Thank you so much!! We will file jointly, thanks again very helpful
Far from a tax expert but I always thought it’s better to file jointly bc you get the deduction. It’s not just about the brackets.
Adding more detail: You only get to deduct the interest for your mortgage if all your deductions exceed the standard deduction ($12.2k single, $24.4k filing married) and if you don't hit the SALT cap ($10k).
I’ve heard that it’s always best for couples to file jointly if one spouse makes significantly more than the other, especially if you’re both just going to use standard deductions.
Tax software/services would probably be worth looking into if you don’t feel like doing all the math yourself.