When filing separately, both Melvin and Sylvia have a standard deduction of $5700, and each can claim him/herself as an exemption for $3650. Neither has any additional adjustments to income. What is Melvin's taxable income? How about Sylvia's taxable income?

If you choose to file married filing separately, both spouses have to file the same way-either you both itemize or you both use standard deduction. Your tax rate will be higher than on a joint return. Some of the special rules for filing separately include: you cannot get earned income credit, education credits, or deductions for student loan interest. A higher percent of your Social Security benefits may be taxable. In many cases you will not be able to take the child and dependent care credit. If you live in a community property state, you will be required to provide additional information regarding your spouse’s income. If you are using online TurboTax to prepare your returns, you will need to prepare two separate returns and pay twice.