When efiling for returns done jointly, what is AGI to use for myself and my spouse in the security section of the efiling. Turbotax asks for both individuals (2024)

FAQs

When efiling for returns done jointly, what is AGI to use for myself and my spouse in the security section of the efiling. Turbotax asks for both individuals? ›

If you filed your federal return last year with the filing status "Married Filing Jointly", then you are going to put the same number for both your AGI and your spouse's AGI, even if your spouse did not earn any money last year.

Finding your spouse's AGI: Joint Tax Return: If you filed jointly in 2021,then your spouse's AGI is the same number as yours. You can find it on Line 11of your 2021 Form 1040.

If you're changing to married filing jointly, then each taxpayer will use their individual original AGI amounts from their respective 2022 tax returns. If you're changing from married filing jointly, each taxpayer will use the same original total AGI amount from the 2022 joint return.

Enter the primary taxpayer and pick Married filing together then enter the spouse's Personal Info. Then when you enter the income it will first ask who it is for. Enter each person's income the same way and place. On a Joint return when Turbo Tax says you it means either of you.

When you file separate returns using online TurboTax you each need your own account and user ID----and you will each pay your own TT fees for the software. If you were legally married at the end of 2023 your filing choices are married filing jointly or married filing separately.

If you are married and wish to electronically file a joint return for the current tax year, the IRS requires you to enter a prior year Adjusted Gross Income, or AGI, for both yourself and your spouse. The amounts that you enter depend on how you filed your return last year.

The AGI amount you will enter is determined by how you filed last year. If you filed jointly, use the same AGI for both parties on your current year return. Even if your spouse didn't earn any income, you are still considered one entity.

The AGI calculation is relatively straightforward. It is equal to the total income you report that's subject to income tax—such as earnings from your job, self-employment, dividends and interest from a bank account—minus specific deductions, or “adjustments” that you're eligible to take.

Preferred method. You should always retain a copy of your tax return. On your 2022 tax return, your AGI is on line 11 of the Form 1040.

Entering $0 (zero) as the Spouse prior year Adjusted Gross Income may resolve your error. If delayed processing is not the cause of your rejection: Enter the exact AGI of the SPOUSE from last year's originally filed return. If the SPOUSE did not file a return last year, enter a zero into the SPOUSE AGI area.

What is the extra standard deduction for seniors over 65? ›

How much is the additional standard deduction? For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older or blind are: $1,850 for single or head of household.

Key Takeaways

More Room for Tax Breaks: Filing together usually means you can earn more and still qualify for certain tax breaks, like IRA contributions and education credits. Watch Out for Higher Rates: If you file separately, you might pay higher taxes than if you teamed up on a joint return.

The fact is, filing jointly makes sense for most married couples and most decide to file jointly because it tends to result in a lower tax bill and easier filing. One of the biggest drawbacks to married filing separately is that you may lose potential tax breaks, credits and deductions.

Most people benefit from filing married filing jointly since tax rates can be lower, and there are more tax deductions and credits available when you file married filing jointly. At tax time, TurboTax will guide you through choosing the right filing status for your situation.

Married Filing Separately

If you and your spouse file separate returns, you should each report only your own income, deductions, and credits on your individual return. You can file a separate return even if only one of you had income.

There are several situations in which a couple should file separately. These include divorce or separation, issues with liability, the repayment of student loans, or different pay scales.

If you filed Married Filing Jointly last year, put the same number for both of your AGIs this year. This applies even if you or your spouse did not earn any money last year. When you file jointly, the IRS views you as one taxed entity, meaning you have the same combined AGI.