Choosing the right tax filing status is crucial. Can Turbo Tax Compare Individual To Married filing status, helping you navigate the complexities of tax season? COMPARE.EDU.VN provides insights into understanding your tax benefits with tax planning tools. By exploring different scenarios and maximizing your return, you can optimize financial strategies and ensure accurate calculations.
1. Understanding Married Filing Jointly: Advantages
Filing jointly with your spouse offers several benefits. Joint filers often receive a larger standard deduction, significantly reducing their taxable income. For instance, in 2024, the standard deduction for married couples filing jointly was $29,200, increasing to $30,000 in 2025 for most couples under age 65. This larger deduction alone can lead to substantial tax savings.
Married couples filing jointly often have easier access to various tax credits and deductions. Some key advantages include:
- Earned Income Tax Credit (EITC): Joint filers typically have higher income thresholds for qualifying for the EITC, meaning they can earn more and still receive this valuable credit.
- Child Tax Credit: Similarly, the income limits for the Child Tax Credit are more generous for those filing jointly, enabling more families to benefit.
- IRA Contributions: Filing together usually means you can earn more and still qualify for certain tax breaks, like IRA contributions.
- Education Credits: Access to education credits like the Lifetime Learning Credit and the American Opportunity Tax Credit may be more accessible due to higher income thresholds.
Joint filers generally have higher income thresholds for certain taxes and deductions. This means they can earn a higher income and still qualify for certain tax breaks that might be phased out for those filing separately.
2. Exploring Married Filing Separately: Considerations
Despite the benefits of filing jointly, there are situations where filing separately may be more advantageous. However, it’s essential to understand the potential drawbacks.
In 2024, the standard deduction for those married filing separately was $14,600, compared to the $29,200 for joint filers. These amounts increase to $15,000 and $30,000, respectively, for 2025. This difference can significantly impact your taxable income and overall tax liability.
Filing separately often leads to fewer tax benefits. Some key disadvantages include:
- Ineligibility for Certain Credits and Deductions: You might be automatically disqualified from several tax deductions and credits, such as the Earned Income Tax Credit, Child and Dependent Care Credit, and education credits.
- Smaller IRA Contribution Deduction: Separate filers usually get a smaller IRA contribution deduction.
- No Student Loan Interest Deduction: Couples who file separate returns can’t take the student loan interest deduction.
- Limited Capital Loss Deduction: The capital loss deduction limit is $1,500 each when filing separately, vs $3,000 on a joint return.
- Higher Tax Rates: If you file separately, you might pay higher taxes than if you teamed up on a joint return. This is especially true if only one spouse has taxable income.
3. Scenarios Where Married Filing Separately Might Be Beneficial
Despite the numerous advantages of filing jointly, certain circumstances may make filing separately a better choice for your financial needs.
- Medical Expenses: If you or your spouse had significant out-of-pocket medical bills, filing separately might help you surpass the IRS’s threshold for deducting these costs. The threshold is based on a percentage of your Adjusted Gross Income (AGI), which would be lower if only considering one income.
- Example: If you have $10,000 in medical expenses and your AGI is $50,000, you meet the 7.5% threshold ($10,000 ÷ $50,000 = 20% of your income). But if you filed jointly with your spouse and your combined AGI is $135,000, you might not qualify ($10,000 ÷ $135,000 = 7.4% of your income).
- Student Loan Payments: If your student loan repayment plan is income-driven, filing separately might help you keep your payments more manageable. This is because your payments are often determined by the income on your tax return.
- Separated Finances: In situations where couples prefer or need to keep their financial matters distinct—such as when preparing for a divorce—filing separately can provide that financial division. Filing separately can also limit your liability for your spouse’s tax matters.
- Protecting from Spouse’s Debt: If one spouse has significant debt or potential legal issues, filing separately can protect the other spouse from being held liable for those debts or legal complications.
- Business Ownership: If one spouse owns a business, filing separately may provide certain tax advantages related to business deductions or losses.
4. Rules for Tax Deductions When Filing Separately
When married couples opt to file their taxes separately, they must adhere to specific rules regarding tax deductions. The IRS requires uniformity for both spouses, meaning if one itemizes deductions, then both must do so. This can significantly influence the amount of deductions each spouse can claim.
Here are the specifics when it comes to deductions for Married Filing Separately:
- Both or None: If one spouse decides to itemize, the other cannot claim the standard deduction. For 2024, each spouse filing separately would have a standard deduction of $14,600 if they don’t itemize.
- Shared Deduction Restrictions: When each spouse has paid toward the same deductible expense, like property taxes or mortgage interest, they must agree on how to split the deduction amount between their separate returns. The combined total deduction claimed should not exceed what would be allowable on a joint return.
- Capital Loss Deductions: The limit on the capital loss deduction for separate filers is $1,500 per person, in contrast to the $3,000 limit that joint filers share.
- Community Property States: If you live in a community property state (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin), special rules can impact how income, deductions, and other items are reported on your federal tax return if you and your spouse file separate returns.
- Medical Expenses: Medical bills paid from separate funds can only be deducted by the spouse who pays them, but the deduction is split between both spouses if they’re paid from community funds.
5. Eligibility for Filing Jointly or Separately
Filing taxes together or separately is a choice that comes with specific eligibility requirements. Understanding these rules is key for married couples during tax season.
- Marriage by Year’s End: To opt for ‘Married Filing Jointly’ or ‘Married Filing Separately’ for a tax year, the IRS considers your marital status as of December 31. If you were legally married on that date, you can choose either of these filing statuses for the entire year.
- Living Apart but Not Legally Separated: You’re still eligible for the married filing statuses unless you are legally separated under a divorce or separate maintenance decree by the end of the year.
- Spouse Passed Away: If your spouse passed away during the tax year and you have not remarried, you may still file a joint return for that year.
- Common-Law Marriages: Couples in a legally-recognized common-law marriage in the state where it began can choose a married filing status.
- Non-Resident Alien Spouse: If one spouse is a non-resident alien and you don’t choose to treat them as a resident alien, you can file separately. However, you might be able to file jointly if you make that election.
6. Implications of Filing Status Choices
Choosing the right filing status can affect your tax rates, your eligibility for certain tax benefits, and the amount of your standard deduction. Married couples should carefully consider each option and choose the filing status that works best for their current living situation and financial goals.
7. Filing as Single When Married: Is It Possible?
When you’re married and decide to file your taxes separately, you might wonder if it’s possible to simply file as ‘Single.’ The answer is no. A tax filing status follows strict IRS rules, and when you’re married, the option to file as Single is no longer available unless you are legally separated or divorced.
- Legally Separated or Divorced Individuals: If your marital status changes due to a legal separation or divorce, your tax filing options change too. Once your divorce is finalized, or you are considered legally separated by the end of the tax year, you may then file as Single or Head of Household if you meet the requirements.
- Why You Can’t File as Single When Married: The IRS’s Single filing status is reserved for those who are not married or are legally separated according to state law. By ensuring accuracy on your tax returns, the IRS can correctly assess tax liability and eligibility for various credits and deductions.
8. Jointly vs. Separately: Determining the Best Option
The best way to determine whether you should file jointly or separately with your spouse is to prepare the tax return both ways. Double-check your calculations and then look at the net refund or balance due from each method.
- Use Tax Software: Tax software like TurboTax can do the calculation for you and recommend the filing status that gives you the biggest tax savings.
- Consider All Factors: Think about your income, deductions, credits, and any special circumstances that might affect your tax liability.
- Consult a Tax Professional: If you’re unsure, consult a tax professional who can help you evaluate your options and make the best decision for your situation.
9. Changing a Past Filing Status: From Separately to Jointly
Yes, if you filed separately but want to change your filing status to Married Filing Jointly, you can do that. You can amend a past return within three years from the due date of the original return.
- Reasons to Change: You may want to change a past filing status from Married Filing Separately to Married Filing Jointly if you realize that it may result in a tax refund or other tax benefits.
- How to Amend: File an amended tax return using Form 1040-X, Amended U.S. Individual Income Tax Return. You’ll need to include any documentation that supports the changes you’re making.
- Deadline: You generally have three years from the date you filed your original return or two years from the date you paid the tax, whichever is later, to file an amended return.
10. TurboTax: Assistance and Guidance
TurboTax offers various options to assist you with your tax preparation needs.
- TurboTax Live Full Service: A local expert matched to your unique situation will do your taxes for you start to finish.
- TurboTax Live Assisted: Get unlimited help and advice from tax experts while you do your taxes.
- TurboTax Online: File your own taxes with step-by-step guidance to ensure they’re done right.
No matter which way you file, TurboTax guarantees 100% accuracy and your maximum refund.
11. Understanding Adjusted Gross Income (AGI)
Adjusted Gross Income (AGI) is a critical figure in determining your tax liability. It’s your gross income minus certain deductions, such as contributions to traditional IRAs, student loan interest payments, and health savings account (HSA) contributions. Your AGI is used to calculate various tax credits and deductions, so understanding how it’s calculated is essential.
12. Standard Deduction vs. Itemized Deductions
When filing your taxes, you have the option of taking the standard deduction or itemizing your deductions. The standard deduction is a fixed amount that varies depending on your filing status. Itemizing deductions involves listing out all of your eligible expenses, such as medical expenses, state and local taxes, and charitable contributions.
- Standard Deduction: The standard deduction is a fixed amount that depends on your filing status and age. For 2024, the standard deduction for married filing jointly is $29,200, while for married filing separately, it’s $14,600.
- Itemized Deductions: Itemizing deductions allows you to deduct specific expenses, such as medical expenses, state and local taxes (up to $10,000), home mortgage interest, and charitable contributions.
- Choosing the Right Option: You should choose the option that results in the lower tax liability. If your itemized deductions exceed the standard deduction, you should itemize. Otherwise, you should take the standard deduction.
13. Tax Credits: Reducing Your Tax Liability
Tax credits are amounts that directly reduce your tax liability. They are more valuable than tax deductions because they reduce the amount of tax you owe dollar for dollar. Some common tax credits include the Child Tax Credit, Earned Income Tax Credit, and education credits.
- Child Tax Credit: The Child Tax Credit is a credit for each qualifying child you have. For 2024, the maximum credit is $2,000 per child.
- Earned Income Tax Credit (EITC): The EITC is a credit for low- to moderate-income workers and families. The amount of the credit depends on your income and the number of qualifying children you have.
- Education Credits: Education credits, such as the American Opportunity Tax Credit and the Lifetime Learning Credit, can help offset the costs of higher education.
- Other Credits: Other tax credits, such as the Child and Dependent Care Credit and the Adoption Credit, can also help reduce your tax liability.
14. Tax Planning Strategies for Married Couples
Tax planning is essential for married couples to minimize their tax liability and maximize their tax benefits. Some key tax planning strategies include:
- Choosing the Right Filing Status: As discussed earlier, choosing the right filing status can significantly impact your tax liability.
- Maximizing Deductions: Take advantage of all eligible deductions, such as the standard deduction or itemized deductions, to reduce your taxable income.
- Utilizing Tax Credits: Claim all eligible tax credits to reduce your tax liability dollar for dollar.
- Investing in Retirement Accounts: Contribute to retirement accounts, such as 401(k)s and IRAs, to defer taxes and save for retirement.
- Tax-Loss Harvesting: Use tax-loss harvesting to offset capital gains with capital losses, reducing your capital gains tax liability.
- Consulting a Tax Professional: Work with a tax professional to develop a personalized tax plan that meets your specific needs and goals.
15. Community Property States: Special Rules
If you live in a community property state, special rules apply to how you report your income and deductions on your tax return. Community property is generally defined as property that you and your spouse acquire during your marriage.
- Community Income: In community property states, income earned by either spouse during the marriage is generally considered community income and is owned equally by both spouses.
- Community Expenses: Expenses paid with community funds are generally deductible by both spouses.
- Separate Property: Separate property is property that you owned before your marriage or that you received during your marriage as a gift or inheritance.
- Filing Separately in Community Property States: If you file separately in a community property state, you must divide your community income and expenses equally between your returns.
- Community Property States: The community property states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin.
16. How to Use TurboTax Effectively
TurboTax is a powerful tool that can help you prepare and file your taxes accurately and efficiently. Here are some tips for using TurboTax effectively:
- Gather Your Documents: Before you start, gather all of your tax documents, such as W-2s, 1099s, and receipts.
- Answer All Questions: Answer all of the questions in TurboTax accurately and completely.
- Take Advantage of the Help Features: Use the help features in TurboTax to get answers to your questions and guidance on complex tax topics.
- Review Your Return: Before you file, review your return carefully to make sure everything is accurate.
- E-File Your Return: E-file your return for faster processing and to receive your refund more quickly.
- Keep a Copy of Your Return: Keep a copy of your return for your records.
17. Common Tax Mistakes to Avoid
Avoiding common tax mistakes can help you minimize your tax liability and avoid penalties. Some common tax mistakes to avoid include:
- Filing the Wrong Filing Status: Filing the wrong filing status can result in a higher tax liability and may even trigger an audit.
- Not Claiming All Eligible Deductions: Make sure you claim all eligible deductions to reduce your taxable income.
- Not Claiming All Eligible Credits: Claim all eligible tax credits to reduce your tax liability dollar for dollar.
- Not Reporting All Income: Report all of your income, including wages, self-employment income, and investment income.
- Making Math Errors: Double-check your math to avoid errors that could result in a higher tax liability.
- Missing the Filing Deadline: File your tax return by the filing deadline to avoid penalties.
- Not Keeping Good Records: Keep good records of your income and expenses to support your tax return.
18. Impact of Tax Reform on Married Couples
Tax laws are constantly evolving, and recent tax reforms have had a significant impact on married couples. Some key changes to be aware of include:
- Changes to the Standard Deduction: The standard deduction has been increased, which may reduce the number of people who itemize.
- Changes to Itemized Deductions: Certain itemized deductions have been limited or eliminated, such as the deduction for state and local taxes.
- Changes to Tax Rates: Tax rates have been lowered for most income brackets.
- Changes to Tax Credits: Certain tax credits have been expanded or modified.
- Impact on Married Couples: These changes can affect married couples differently depending on their income, deductions, and credits.
- Consult a Tax Professional: Consult a tax professional to understand how these changes affect your tax situation and to develop a tax plan that takes these changes into account.
19. The Role of a Tax Professional
A tax professional can provide valuable assistance with tax planning and preparation. A tax professional can help you:
- Understand the Tax Laws: Tax laws are complex and constantly changing. A tax professional can help you understand how the tax laws apply to your specific situation.
- Develop a Tax Plan: A tax professional can help you develop a personalized tax plan that minimizes your tax liability and maximizes your tax benefits.
- Prepare Your Tax Return: A tax professional can help you prepare your tax return accurately and efficiently.
- Represent You Before the IRS: If you are audited by the IRS, a tax professional can represent you and help you resolve any issues.
- Who Should Use a Tax Professional? Individuals with complex tax situations, such as self-employed individuals, business owners, and high-income earners, may benefit most from using a tax professional.
20. Resources for Tax Information
There are many resources available to help you learn more about taxes and tax planning. Some key resources include:
- IRS Website: The IRS website (www.irs.gov) provides a wealth of information on tax laws, regulations, and publications.
- TurboTax Website: The TurboTax website (www.turbotax.com) offers helpful articles, calculators, and tools to assist you with tax preparation.
- Tax Publications: The IRS publishes numerous tax publications that provide detailed information on specific tax topics.
- Tax Professionals: Tax professionals can provide personalized guidance and assistance with tax planning and preparation.
- COMPARE.EDU.VN: COMPARE.EDU.VN offers detailed comparisons and insights to help you make informed financial decisions.
21. Navigating Tax Season with Confidence
Tax season can be a stressful time for many people, but with proper planning and preparation, you can navigate tax season with confidence. Some tips for navigating tax season include:
- Start Early: Start preparing your taxes early to avoid the last-minute rush.
- Gather Your Documents: Gather all of your tax documents as soon as possible.
- Choose the Right Filing Method: Choose the filing method that works best for you, whether it’s using tax software, working with a tax professional, or filing on paper.
- Review Your Return Carefully: Review your return carefully before you file it to make sure everything is accurate.
- File On Time: File your tax return by the filing deadline to avoid penalties.
- Keep Good Records: Keep good records of your income and expenses to support your tax return.
- Stay Informed: Stay informed about changes in the tax laws and regulations.
22. Understanding Head of Household Filing Status
Head of Household is another filing status option that can provide significant tax benefits if you qualify. To file as Head of Household, you must be unmarried and pay more than half the costs of keeping up a home for a qualifying child or relative.
- Requirements for Head of Household: To qualify for Head of Household filing status, you must meet the following requirements:
- Be unmarried or considered unmarried.
- Pay more than half the costs of keeping up a home for a qualifying child or relative.
- The qualifying child or relative must live with you in your home for more than half the year.
- Benefits of Head of Household: Head of Household filing status offers several tax benefits, including a larger standard deduction and more favorable tax rates compared to Single filing status.
- Qualifying Child or Relative: A qualifying child must be your child, stepchild, foster child, sibling, step-sibling, or a descendant of any of these, and must be under age 19 (or under age 24 if a student) or any age if permanently and totally disabled. A qualifying relative can be your parent, grandparent, or other specified relative.
23. Estimated Taxes: Who Needs to Pay?
Estimated taxes are payments that you make throughout the year to cover your tax liability if you don’t have taxes withheld from your income, such as self-employment income, investment income, or retirement income.
- Who Needs to Pay Estimated Taxes: You may need to pay estimated taxes if:
- You are self-employed.
- You receive income from which taxes are not withheld.
- You expect to owe at least $1,000 in taxes when you file your return.
- How to Pay Estimated Taxes: You can pay estimated taxes online, by mail, or by phone using Form 1040-ES, Estimated Tax for Individuals.
- When to Pay Estimated Taxes: Estimated taxes are typically due in four installments throughout the year: April 15, June 15, September 15, and January 15 of the following year.
- Penalties for Underpayment: If you don’t pay enough estimated taxes, you may be subject to penalties.
24. Tax Implications of Marriage Equality
The Supreme Court’s decision legalizing same-sex marriage has had significant tax implications for same-sex couples.
- Filing Status: Same-sex couples are now able to file federal tax returns using the Married Filing Jointly or Married Filing Separately filing statuses.
- Tax Benefits: Same-sex couples are now eligible for the same tax benefits as heterosexual couples, such as the standard deduction for married couples, the Earned Income Tax Credit, and the Child Tax Credit.
- Amending Prior Returns: Same-sex couples may be able to amend prior-year tax returns to claim tax benefits they were previously denied due to their marital status.
- State Taxes: State tax laws vary, so same-sex couples should check with their state tax agency to determine their state tax obligations.
25. Year-End Tax Planning Tips
Year-end tax planning can help you minimize your tax liability for the current year and set yourself up for success in the coming year. Some year-end tax planning tips include:
- Maximize Retirement Contributions: Contribute as much as possible to your retirement accounts to reduce your taxable income.
- Harvest Capital Losses: Use tax-loss harvesting to offset capital gains with capital losses.
- Donate to Charity: Donate to qualified charities to claim a deduction for your charitable contributions.
- Pay Medical Expenses: Pay any outstanding medical expenses before the end of the year to claim a deduction.
- Prepay Property Taxes: Prepay your property taxes before the end of the year to claim a deduction.
- Review Your Tax Situation: Review your tax situation with a tax professional to identify any other tax planning opportunities.
26. Long-Term Tax Planning Strategies
Long-term tax planning involves making financial decisions that will minimize your tax liability over the long term. Some long-term tax planning strategies include:
- Investing in Tax-Advantaged Accounts: Invest in tax-advantaged accounts, such as 401(k)s, IRAs, and HSAs, to defer or avoid taxes on your investment earnings.
- Estate Planning: Develop an estate plan to minimize estate taxes and ensure that your assets are distributed according to your wishes.
- Gifting Strategies: Use gifting strategies to reduce your taxable estate and provide financial support to your loved ones.
- Business Structuring: Choose the right business structure to minimize your business tax liability.
- Real Estate Planning: Use real estate planning strategies to minimize taxes on your real estate investments.
- Consult a Financial Advisor: Consult a financial advisor to develop a comprehensive long-term financial plan that takes your tax situation into account.
27. Tax Benefits for Homeowners
Homeowners are eligible for several tax benefits, including:
- Mortgage Interest Deduction: You can deduct the interest you pay on your home mortgage, up to certain limits.
- Property Tax Deduction: You can deduct the property taxes you pay on your home, up to a limit of $10,000 per household.
- Home Equity Loan Interest Deduction: You can deduct the interest you pay on a home equity loan, up to certain limits, if the loan is used to improve your home.
- Capital Gains Exclusion: When you sell your home, you can exclude up to $250,000 of capital gains if you are single, or $500,000 if you are married filing jointly, as long as you have owned and lived in the home for at least two of the five years before the sale.
- Energy-Efficient Home Improvements: You may be eligible for tax credits for making energy-efficient improvements to your home.
28. Tax Considerations for Investors
Investors are subject to various tax rules, including:
- Capital Gains Taxes: Capital gains are profits from the sale of investments, such as stocks, bonds, and real estate. Capital gains are taxed at different rates depending on how long you held the investment.
- Dividend Income: Dividends are payments made by companies to their shareholders. Dividend income is taxed at different rates depending on the type of dividend.
- Interest Income: Interest income is income you receive from investments such as bonds and savings accounts. Interest income is taxed as ordinary income.
- Tax-Advantaged Investment Accounts: You can invest in tax-advantaged accounts, such as 401(k)s, IRAs, and HSAs, to defer or avoid taxes on your investment earnings.
- Tax-Loss Harvesting: You can use tax-loss harvesting to offset capital gains with capital losses.
29. Self-Employment Taxes: Understanding Your Obligations
Self-employed individuals are subject to self-employment taxes, which include Social Security and Medicare taxes.
- Self-Employment Tax Rate: The self-employment tax rate is 15.3% (12.4% for Social Security and 2.9% for Medicare).
- Deducting One-Half of Self-Employment Tax: You can deduct one-half of your self-employment tax from your gross income.
- Business Expenses: You can deduct ordinary and necessary business expenses from your self-employment income.
- Estimated Taxes: Self-employed individuals are generally required to pay estimated taxes throughout the year.
- Record Keeping: Keep accurate records of your income and expenses to support your tax return.
30. The Future of Tax Filing: Trends and Innovations
The future of tax filing is likely to be shaped by technological advancements and changing taxpayer needs. Some trends and innovations to watch for include:
- Increased Automation: Tax preparation software and services are becoming increasingly automated, making it easier for taxpayers to file their returns accurately and efficiently.
- Artificial Intelligence (AI): AI is being used to develop new tax preparation tools that can identify deductions and credits that taxpayers may be missing.
- Blockchain Technology: Blockchain technology is being explored as a way to improve the security and transparency of tax systems.
- Mobile Tax Filing: Mobile tax filing is becoming increasingly popular, allowing taxpayers to file their returns from their smartphones or tablets.
- Personalized Tax Advice: Taxpayers are increasingly seeking personalized tax advice to help them navigate the complex tax laws and make informed financial decisions.
Choosing between filing jointly or separately depends on your individual circumstances. TurboTax offers a comprehensive platform to compare these options and determine the most advantageous approach. For detailed comparisons and expert guidance, visit COMPARE.EDU.VN at 333 Comparison Plaza, Choice City, CA 90210, United States, or contact us via Whatsapp at +1 (626) 555-9090. Let compare.edu.vn help you make informed decisions this tax season. Explore the differences, understand the implications, and make the best choice for your financial future with tools for tax preparation, understanding tax regulations, and navigating deductions and credits.
FAQ Section
1. Can I change my filing status from Married Filing Separately to Married Filing Jointly?
Yes, you can amend your return within three years of the original filing date.
2. What is Adjusted Gross Income (AGI) and why is it important?
AGI is your gross income minus certain deductions, used to calculate various tax credits and deductions.
3. What are the standard deduction amounts for Married Filing Jointly and Separately in 2024?
$29,200 for jointly and $14,600 for separately.
4. Is it always better to file jointly as a married couple?
Not always; it depends on individual circumstances like medical expenses and student loan payments.
5. What happens if one spouse itemizes deductions while filing separately?
Both spouses must itemize; neither can take the standard deduction.
6. What are community property states and how do they affect filing taxes separately?
Community property states have special rules on how income and expenses are divided.
7. Can I file as Single if I am married but living separately?
No, unless you are legally separated or divorced.
8. What credits can I not claim if filing separately?
Earned Income Tax Credit, Child and Dependent Care Credit, and education credits.
9. How does TurboTax help me decide which filing status is best?
TurboTax calculates both scenarios and recommends the one with the biggest tax savings.
10. Where can I find reliable tax information and assistance?
Visit the IRS website, TurboTax website, or consult with a tax professional.
