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MFJ vs MFS

Compare married filing jointly with married filing separately using Form 1040 income lines.

Tax year

Form 1040, Main Page

Line 1 – Wages Wages, salaries, tips, and other employee compensation reported on Form W-2
Lines 2 & 3 – Interest, Dividends Taxable interest income and ordinary dividends from investments, savings accounts, and bonds
Lines 4 & 5 – IRA Distributions, Pensions Distributions from IRAs, pensions, annuities, and retirement plans. Include taxable portions only
Line 7 – Capital Gain or (Loss) Net capital gains or losses from the sale of investments, stocks, bonds, or property. Enter net amount after losses

Form 1040, Schedule 1, Part I

Line 5 – Rental Real Estate & Royalties Income from rental properties and royalties
Line 7 – Unemployment Income Unemployment compensation received during the tax year. This is fully taxable income
Line 8 – Other Income Any other taxable income not reported elsewhere, such as alimony, gambling winnings, or other miscellaneous income

Uses standard deduction only. Credits and most other deductions are not included.

Important disclaimers

  • This calculator is provided for informational and educational purposes only and does not constitute tax, legal, accounting, or financial advice.
  • These calculations are for basic income scenarios and do not factor in various credits or deductions. Actual results will differ.

What's Next?

Key Notes

  • Confirm your projections with a qualified tax advisor.
  • These calculations are for basic income scenarios and do not factor in various credits or deductions.
  • These figures are estimates only, based on the information you entered.

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