Impacts of Using the Married Filing Separately Status
2 AFSP, EA, CFP®, CPA, CRTP
Track:
Early career
Choosing a filing status became more complicated with the One Big Beautiful Bill Act (OBBBA). While historically, using the married filing separately (MFS) had disadvantages, the OBBBA added more items to consider. Whether the client is looking to benefit from the qualified tip deduction or the qualified overtime deduction, a filing status alone can impact eligibility. Attend this session to learn what benefits are affected and get an overview of other tax benefits limited by MFS by walking through case studies. Additionally, we will address when MFS might be beneficial depending on your client’s scenario.
Objectives
Upon completion of this session, you will be able to:
● Summarize how new deductions under the OBBBA are impacted when using a MFS filing status
● Identify other credits or deductions impacted when using MFS
● Analyze the tax consequences of selecting MFS versus MFJ
CPE information
Duration: 100 minutes
Course level: Basic
Prerequisite: None
Advanced preparation: None
Delivery method: Group Internet-Based
CPE credits | Designation | Field of study | |
IRS | 2 | AFSP | Federal Tax Law Update |
IRS | 2 | EA | Federal Tax Law Update |
NASBA | 2 | CPA | Taxes |
CTEC | 2 | CRTP | Federal Tax Law Update |
CFP Board | 2 | CFP® | n/a |
Instructor(s)
.png)
Misty Erickson, MBA
