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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)

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Misty Erickson, MBA

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