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Apr 7, 2025The Qualifying Widow(er) with Dependent Child filing status is meant to enable people who have lost a spouse to keep getting the same tax advantages as those who file jointly for up to two years following the spouse’s death. Using this status calls for meeting particular IRS criteria: Especially when supporting a dependent child, using […]
adminApr 7, 2025You have to satisfy certain IRS criteria to qualify for Head of Household (HOH) filing status. Filing as single or married filing separately may not offer the same benefits as this status, which can offer a better tax bracket and bigger standard deduction. Qualifying is as follows: Since filing as Head of Household can lead […]
adminApr 7, 2025You have to be legally married as of December 31st of the tax year to qualify for the Married Filing Jointly tax status. Often the most advantageous for married couples, this status usually provides a bigger standard deduction, access to more tax credits, and lower tax rates than filing separately. You may file jointly if: […]
adminApr 6, 2025For tax purposes, the IRS demands that you include your personal relationship status at the top of Federal Form 1040.Each filing gives you with your standard deduction, which varies by tax year. Choosing the appropriate filing status is a crucial prerequisite. There are five filing statuses in total. Filing Statuses Additional Notes For more information […]
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