Drake Tax - Net Effect of Filing Separately: WKS MFS Comp

Where to run a report that shows the net effect of filing separately

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 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.