Tag Archives: filing status
Married couples may find it easier to file one single joint tax return, especially if one spouse is responsible for a majority of the couple’s income. In cases where both spouses earn income, the option to file separately may be more beneficial in regards to providing a lower tax liability. However, couples should always figure […]
— Read moreFor tax purposes, marital status is decided by your legal position on December 31st. Couples who have divorced or legally separated are considered “unmarried individuals” for the entire year, regardless of when the decree went into effect, as long as neither has remarried before the last day of December. Divorced or separated individuals who file […]
— Read moreIf you qualify to file your tax return using the head of household status, you may find some benefit to doing so. Generally, head of household status has a lower tax rate ad a higher standard deduction for filers than either single or married filing separately. There are five different filing statuses that you can […]
— Read moreThere are a variety of status under which you can file your taxes, and understanding the difference between each can help you determine which status you should file. At tax time, you can use all the help you can get to make the process as simple and smooth as possible.
— Read more
