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Topic: Filing status

IRS helps you determine your correct Filing Status


Internal Revenue Service - IRSWashington, D.C. – Should you file as Single? Married? Does Head of Household status apply to you?

It’s important to use the correct filing status. It can affect which tax benefits you’ll get, how much your standard deduction and correct tax will be, and could even affect whether or not you have to file a return.

Of the five filing statuses, the Head of Household status may be the one most often claimed in error. Make sure you qualify before choosing that one. «Read the rest of this article»

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Eight Facts About Filing Status


Internal Revenue Service - IRSWashington, D.C. – The first step to filing your federal income tax return is to determine which filing status to use. Your filing status is used to determine your filing requirements, standard deduction, eligibility for certain credits and deductions, and your correct tax.

There are five filing statuses: Single, Married Filing Jointly, Married Filing Separately, Head of Household and Qualifying Widow(er) with Dependent Child. «Read the rest of this article»

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The Five Filing Status Possibilities


Everyone who files a federal tax return must determine which filing status applies to them. It’s important you choose your correct filing status as it determines your standard deduction, the amount of tax you owe and ultimately, any refund owed to you.

There are two things to consider when determining your filing status:

First, your marital status on the last day of the year determines your filing status for the entire year. Secondly, if more than one filing status applies to you, choose the one that gives you the lowest tax obligation. «Read the rest of this article»

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