Hi! I need help with Tax. I’m making 58k, my husband is making 130k(total188k). Should we file tax married jointly or separately to pay less tax? If separate, I’m at 22%, his 24%; if jointly we all fall into 24% bracket. Thank you!!

Post Photo
like
Posting as :
works at
You are currently posting as works at

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).

helpful

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.

helpful

Thank you so much!! We will file jointly, thanks again very helpful

like

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).

helpful

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.

Related Posts

Hey everyone, I have been posting about TikTok vs Cepheid about which job offer to take and I have started my first few days at Cepheid biotech and I love it so far. Flexible start/end times, interesting work, great WLB, job security, and career growth is all there! Thank you to everyone who helped me hear different perspectives about two different companies and career paths. Thanks guys!!

likeuplifting

I'm former Accenture (5+ yrs) and successfully made the jump to games (mobile) with a pay increase and loving it so far. Feel free to ask me anything about my journey!

likesmart

Has anyone invested in real estate using Lofty AI or PocketProperties? It seems like a good way to dip my toes into real estate - the minimum amount is $10-50 and I would benefit from receiving rent payments proportional to ownership and appreciation in value.

like
like

What’s the biggest challenge you’re facing in your career?

like

Does anybody find Sneako hot? Forget if you are for or against his views, just by his appearance do you think he is hot? I feel like he hypes himself too much and tries too hard to be like the Tates. He is a follower not a leader. He doesn’t seem genuine or believe in any word he is saying.

Any advice on getting your foot in the door in the Big 4 companies or the like, ie: PwC, Deloitte, etc. I feel like I have the perfect experience for some of these posted roles but the online application process is a black hole. I’ve seen my resume ‘in review’ for 6+ months or more. Do people only get interviewed for these roles through networking?

like

Is 54000 pounds a good salary to stay in London? As an EY seren senior consultant?

YOE: 3.5
Current package in India : 25+ LPA

like

For more senior MBB folk (SM/EM/PL+) who exit to (non-technical) FAANG roles, do you need to be in the tech practice or does it not matter?

like

hiya! So I was wondering how I can get a remote job in without any tech or call service experience? I have 4-5 years of customer service experience and I’m taking an swe bootcamp at the moment any suggestions?

like

Any agencies looking for jr art director that can photograph and illustrate?

like

As an MBB analyst, how do I differentiate myself on my app among the hundreds of other MBB analysts applying?

like

Does anyone here live on Vancouver Island or know about it? Worth it?

likehelpful

Parents want to send their children back to school not only for educational purposes but also for social interactions. I do understand that many children want that interaction with their friends and teachers. But I don't think it is going to be quite as rewarding as many think with social distancing and face coverings to be safe. No high fives, pats on the back, sharing earbuds to listen to a new song, or consoling an upset friend. Even facial expressions are lost. Tough times.

like

Always thought I’d meet my SO at a coffee shop while working on my laptop...

likefunny

Deloitte 🐠- I meet the tenure requirement for GC now and I’m on H-1B. How is the process initiated? Will D reach out to me during this upcoming August cycle or do I have to reach out to Immigration?

like

Anyone looking to hire a jr AD? looking for a new opportunity

like

Damn people just lost ALOT of money in the past 2 days. RIP

Hi

I've been working for the past 2 years and 6 months. And last 8 months as a business development manager.

Looking for change and a better opportunity please refer

like

What are you supposed to do when its raining?

Additional Posts in Salary & Compensation

Any insight into what salary I should ask for an Associate role at JP Morgan?

like

Is 160ish base salary too low for CVS lead director position?

like

With all the turnover and the “great resignation” I’m having to get more aggressive on my pay matrixes and I may implement a retention bonus.


What formula for calculating retention bonuses have you seen be successful?

My first pass at this landed me at a 10% of salary after 9 months.

like

Interested to know average salaries
of an Assistant Manager in
Purchasing (London based).
I was promoted from Supervisor to
Assistant Manager within the last
month, prior to my previous
manager being replaced. This is my
second promotion in just under a
year at the company. Based on the
salary I feel undervalued and
demotivated (I'm on just over £30k
and have 3 direct reports in a team
of 12), particularly as my efforts to
negotiate my salary were shot down.
Any advice would be welcomed.

like

A question from a youngster. Is working at a big big company with slightly low pay better or working at a much smaller company with higher pay better?

In the future, after a few years, let’s say I’m at a small company and want to switch to big big company, will the “small names” hurt my chance to get into the big doors?

I mean big big company is like 10x bigger than the small one if this was a factor. Assume everything else the same, WLB, commute, teams, etc.

like

I am in conversations for a SVP role at a media agency. Does anyone have any guidance on salary expectations I should be asking for

like

Hi! Looking at different roles and was wondering if Salesforce contractors get paid hourly? Does anyone know the pay range for a project coordinator contract role?

like

What are the salary bands/levels at JLL ? Any idea what P3 level in JLL tech means? Also, is the pay for an Energy Manager at CBRE and JLL at similar levels? Any employees at these companies.. please advise.

like

Does anyone know what type of salary I can expect working at a hedge fund like citadel and two sigma in a financial analyst role (3-4yrs experience)

like

Can someone please give me an insight on salary and work environment at Twitter I’m looking at the Associate Program Manager / Production role. It’s LA based. Is it hybrid, or WFH friendly at all? What’s the PTO like? Thanks a lot!

like

Are Colorado-specific salary ranges even close to what I can expect in Chicago in general? Or are those completely made up?

like

Has anyone worked as an entry level QA analyst in Chicago? If so, what was your starting salary? I have a second interview Monday with the company. It’s through a recruiter. I don’t want to be low balled.

like

Nearing the end of the interview process for a DevOps engineer role with salesforce. Before I get to the conversation with Hr, I am curious what salary + bonus to aim for as a mid tier with 3 years experience. Do they offer the option to get shares and a lower salary or is that no longer on the table?

Hi! I joined a startup last month and was offered 30,000 stock options with a value of $60,000 with a 4 year vesting period with 1 year cliff. What does this mean? Is it good? It’s the first time I’m getting stock options and I haven’t yet been provided the stock options contract (they said it’s coming).

like

What do first year associates make (base and bonus) at a commercial real estate private equity firm? Both in acquisitions and asset management? Curious what that next step looks like.

like

Hi, Can anyone share Salary range and vacation for VP Officer at SMBC in NYC? Looking to apply for a role there. DM is fine as well

like

just wondering who else is in the construction business as a superintendent/project management in the Dallas/Fort Worth area and what the salary range is? are you getting bonuses per job completion?

like

Is there a recommended path here? Long one, finished in the comments.

So I make around 35% below market for my titled role. My employer used “startup” as the reason when I was hired, but they’ve finally stopped using that excuse. I was fine with it, because I was promised a promotion within 12 months due to scope change. I’ve now been promoted twice, but in responsibility only. My boss said it’ll be another 18-24 months until my director promo is approved and goes into effect. More in comments

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal