What is the new Standard deduction for 2025 for married filing …
Jul 15, 2025 · Until the recent tax laws change in July, the MFJ standard deduction for 2025 was $31,500. The tax law changed it, so now it is $34,500 + $1600 for each spouse 65 or older …
Solved: 2025 additional standard deduction for age 65+ and the …
Jul 28, 2025 · There is an additional standard deduction for taxpayers age 65 and over, which was $1,550 each for married filing joint (MFJ) on the 2024 federal Form 1040, which I believe …
MFJ closing down manufacturing facilities effective May 17th 2024
Apr 25, 2024 · Yesterday, MFJ Enterprises announced that they would be closing down their manufacturing facilities in Starkville, Mississippi effective May 17th, but would continue selling …
2025 standard Tax deductons for married couples over age 65
Aug 27, 2025 · A MFJ couple will get a separate $12,000 Plus there is a new Senior Deduction of $6,000 for each spouse 65. The Senior deduction will show on a separate line on form 1040. …
Switching the Filling Status (form 1040) from MFJ to MFS whenever
Mar 11, 2025 · Dear Team, I am married, live together with my husband until now, we have filled return 1040 with form MFJ for years ago. Can I switch the form MFJ to the MFS in filling return …
Amend tax return to change filing status from MFJ to MFS
Mar 5, 2025 · You cannot switch from MFJ to MFS after April 15, 2025. So this is your last day to amend--no extensions for amending. Are you certain MFS would be better? MFS is usually the …
How can I compare Married Filing Jointly with Married Filing
Dec 19, 2025 · Select the MFJ vs. MFS box. Scroll down to Balance Due (Refund) located under Line 72. The second column shows the federal outcome for a joint return, and the third and …
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charity: if i donate to charity in 2025, how can i get benefit without ...
Aug 6, 2025 · Yes, you are correct that the key changes for non-itemizers, including the new "above-the-line" charitable deduction, do not take effect until the 2026 tax year. The above-the …
Solved: clarification on capital gains rate table
Oct 30, 2024 · The tax bracket for MFJ on capital gains for taxable income over $94,051 to $583,750.00 is 15%. You are right, the tax is imposed only on the capital gains you have …
My spouse and I live in MA and DC resp. We filed our federal taxes …
Apr 1, 2025 · My spouse and I live in different states (MA and DC respectively), so we filed our federal taxes as "Married File Jointly" and state taxes as "Married Filing Separately". For DC, …