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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes, I understand we both itemize. That is not the issue.  The issue is when itemizing how to split the mortgage interest.  As  I understand the rule outlined above, b/c DW does not pay the mortgage she cannot claim the deduction.  Does anyone else understand it differently.  Going forward, I think I am simply hiring an account to do our taxes b/c as our income goes up it becomes more complicated.  Why we can't just have a flat tax rate with no deductions and file it on a 3 x 5 card is beyond me.  Well, it's not really, but still I wish it were more simple. 
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I’m just impressed you have enough deductions to make itemizing separately worth it given the tax changes. Do you have a very big mtg? Bunching charitable donations?[/quote]

Well, we may not, but I do not want to be stuck with my wife's tax bill due to her profits on investments.  She has two years running left me to pick up the tax tab on her investments.  [/quote]

Ah, I see.  Well that IS one of the reasons couples do MFS.  Generally it puts you behind, tax-wise, when you look at the household together, but if your finances are mostly separate and you can’t persuade her to withhold the right amount of taxes from her investments, then I’d probably do what you’re doing.[/quote]

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