Can anyone help me decipher tax related filing status?
For the past 3 years, DH and I have filed married filing jointly and have gotten a fair chunk back. This year a few things have changed (mainly a huge jump in income since I started working full time), and when I try married filing jointly we owe a little fed, and get a little bit back state. When I punch in married filing separately I get a bunch back from both state and fed.
Background is no student loans, a rental house, don't itemize deductions, and no dependents.
I'm concerned that I'm doing something wrong to get the massive difference. Can anyone shed some light on this for me?
It could be related to withholdings - you mention that filing separately, you get a large refund. Does your husband end up owing in that circumstance? Perhaps you withheld much more than your husband did. Or at least, withheld substantially more than he did related to your relative incomes.