Knowledge Base

13359: Net Effect of Filing Separately - Wks MFS Comp

1040 Individual Generally

Where in Drake Tax can I run a report that shows the net effect of filing separately?

Beginning in 2014, click the MFJ/MFS report button at the bottom of the Return Selector dialog box after splitting a return to generate the Wks MFS Comp (MFS_COMP in prior years) worksheet. The worksheet displays the net effect of filing separately rather than jointly.

The marginal tax rate is included on the worksheet in the "Net ref (Bal due)" section.

If Social Security Benefits are included in the return, the worksheet estimates Medicare Part B premiums.

For further information on split returns, see the Related Links below.

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