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If you and your spouse decide to file a joint return, your tax may be lower than your combined tax for the other filing statuses. Also, your standard deduction (if you do not itemize deductions) may be higher, and you may qualify for tax benefits that do not apply to other filing statuses.ou can choose married filing jointly as your filing status if you are considered married and both you and your spouse agree to file a joint return. On a joint return, you and your spouse report your combined income and deduct your combined allowable expenses.
There are pros and cons for each. Couples who are married and filing jointly, for instance, may enjoy lower tax rates on their combined income. Married filing jointly also makes each of you responsible for the accuracy of the return: both spouses must sign.Generally speaking, there are more tax benefits to filing jointly, but there may reasons to file separately.If one spouse is self-employed and the other doesnât want to be connected to the business, filing separately may be an option.otentially Lower Income Taxes. (source). We noted above that married couples filing jointly qualify for lower combined income tax rates than couples filing separately. This is especially attractive to couples with differing levels of income.