John Jill Married Reported 2012 Itemized Deductions 7 500 500 Respectively John Suggests F Q17773528

John and Jill, who are married, reported 2012 itemizeddeductions of $7,500 and $500 respectively. John suggests that theyfile their Federal income tax returns separately–he will itemizehis deductions from AGI, and she will claim the standard deduction.Explain why John suggested the taxes be prepared in such a way.What should the couple do? What is the best option? What are sometax planning considerations for John and Jill in future years?
 
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