Tag Archives: married

Filing Status

The status of your tax filing is one of the most important decisions you make at the time of taxation. In addition to the tax rates and the different amounts you can deduct, your filing status determines the benefits for which you are eligible. Your registration status depends on your marital status as of 31 […]

Taxpayers who are married have the option to file a single return or to separate their income and deductions and file separately. It’s likely simpler to file jointly if one spouse earns the majority of the household income. However, in situations where both parties earn similar amounts of income, filing separate returns may prove to […]

Figuring out the Five Statuses

When the time comes to file your taxes, you’ll need to know which filing status you should use. There are differences between the five different options, and you’ll want to choose the one that gives you the greatest benefit. Make tax time easier and quicker by filing with the right status. The Big Five The […]

The Filing Five

The status you use when filing your taxes is one of the most important decisions you will make at tax time. Your filing status determines what benefits you are eligible for, in addition to tax rates and the different amounts you can deduct. Your filing status is determined by your marital status as of December […]