Tag Archives: single

Choosing the Right Tax Filing Status

When you file your tax return, ensuring you used the right filing status can make a big difference to your wallet. Depending on which status you use, you’ll be eligible for different credits and deductions, and how much of them you are entitled to. There are five filing statuses, and each one affects your tax […]

Marital Status Affects Your Tax Return

Knowing which filing status you should choose is the first step in completing your tax return. Your status can affect different areas of your return, including taxation rates, requirements for filing, different credits, and which standard deduction you are eligible for. Your filing status is dependent on whether you are married or not. If you […]

The Low Down on Filing Statuses

There are five different filing statuses which you can use when completing your tax return. Each status qualifies you for different deductions and credits, so choosing the correct one is extremely important. Single Taxpayers who are unmarried, or considered unmarried for the entirety of the tax year are eligible to file under the single status. […]

Once you get divorced, your taxes will change dramatically, as well as which status you use and the credits you are eligible for. If you are used to filing Head of Household status, a divorce can alter your eligibility to use that status to file at tax time. Head of Household status generally has a […]

The Five Filing Statuses

How you file your taxes is typically determined by your marital status at the end of the year, and whether or not you have dependents who rely on you to provide housing. There are five separate statuses that you can use to file a tax return: single, married filing jointly, married filing separately, head of […]

Which Filing Status Can I Choose?

There are five different filing statuses that you can use when completing your tax return. The requirements are different for each, and your ability to claim certain deductions changes with each one, so you need to examine each option carefully.

How to Choose the Correct Filing Status

Not only can using the right filing status affect how much you owe, but it can also affect which credits you are eligible to receive. In fact, the filing status you choose can even determine whether you have to file a tax return at all. For IRS purposes, anyone who is married on or before […]

Tax Filing Statuses

There 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.

Choosing the Right Filing Status

The benefits available to you at tax time, as well as tax rates and deduction amounts are dependent upon the filing status you choose. Your filing status is determined by your marital situation on the final day of the year, and whether or not you have any dependents.