Reply To: carryovers from a MFS year to a MFJ year

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#7938
RustyShackleford
Participant

Unfortunately the post seems to have disappeared where I showed my calculations for why I’m pretty sure MFS is advantageous for me this year. It basically boiled down to $20K of LTCG and QDI income I have, that would be taxed at 15% instead of 0% if we MFJ. The fact some of my wife’s ordinary income would be taxed at 12% instead of 22% almost exactly cancels that out, i.e. I’m at the break-even point. But with MFS, I have $10K of headroom in the 12% bracket, for Roth conversions and taking LTCGs; this is a lot more advantageous than the $7k Roth contribution I could make with MFJ, since it comes from pre-tax money.