My husband was involved in tax relayed identity theft in June 2023 We usually file jointly. He also became part owner of a business in 2023. How best should we file?
My husband was involved in tax relayed identity theft in June 2023 We usually file jointly. He also became part owner of a business in 2023. How best should we file?
It depends, however most often using married filing jointly is best for many reasons. Married filing separately is a penalty status of sorts and prohibits some credits and deductions.
In TurboTax Online you can try it both ways by setting up an account for each of you and one jointly. Check the results and then make your decision on which way to file that provides the greatest benefit.