bottom options:

will/will not be

a joint return/ seperate returns

Bart and Elizabeth Forrest are married and have no dependents. They have asked you to advise them whether they should file jointly or separately in 2022. Bart incurred some significant medical expenses during the year related t an unexpected surgery. They present you with the following information: Bart Elizabeth Joint Salary (Bart) $38,000 Salary (Elizabeth) $110,000 Interest income 400 1,200 $2,200 Deductions for AGI 2,400 14,000 Medical expenses 10,427 3,358 State income tax 900 11,800 Real estate tax 5,800 Mortgage Interest 4,200 Unreimbursed employee expenses 1,200 If they file separately, Bart and Elizabeth will split the real estate tax and mortgage interest deductions equally If an amount is zero, enter "0". Do not round your intermediate tax computations but round your final tax answers to the nearest dollar. Round all other computations to the nearest dollar. Complete the comparison table through AGI, then compute the total amount of the itemized deductions on the separate schedule before Click here to access the 2022 tax rate schedule. Salary (Bart) Salary (Elizabeth) Interest income Gross income Less: deductions for AGI AGI Medical expenses after 7.5%-of-AGI floor State income and real estate taxes Mortgage interest Total itemized deductions (MFS) or standard deduction (MF) Total deductions from AGI Bart and Elizabeth Forrest Comparison of Joint and Separate Tax Liabilities Tax Year 2022 Bart 38,000 Elizabeth. 110,000 Joint Tax Savings from filing jointly: Tax filing separately Tax filing jointly Savings Complete the letter to Bart and Elizabeth. SWFT, LLP 5191 Natorp Boulevard Mason, OH 45040 January 23, 2023 Mr and Mrs. Bart Forrest 2003 Highland Drive Durham, NC 27707 Dear Mr. and Mrs. Forrest: I have reviewed the tax information you provided and have determined that your Federal income taxes minimized by filing for 2022. A detailed computation that supports my conclusion is enclosed