Filing Status

Filing Status

About Filing Status:

for tax purposes, a category that governs the form of return used by the taxpayer. Forms include the following:

• Single Individual.

• Married Persons Filing Jointly and Surviving Spouse.

• Married Persons Filing Separately.

• Head of Household. Former IRC (check if this IRC provision is current here) §7703.

Determines the rate at which income is taxed. The five filing statuses are: single, married filing a joint return, married filing a separate return, head of household, and qualifying widow(er) with dependent child.

Your status determines the size of his or her standard deduction and the tax-rates that apply to his or her income. For tax purposes, the taxpayer are considered single, married filing jointly, married filing separately, head of household or qualifying widow or widower.

Your marital status affects your filing status which determines your tax bracket and amount of taxes you must pay.

Description and Definition of Filing Status

The category you file under which is based mainly on your family status. Your filing status determines your standard deduction, tax bracket and whether you must file a return. The five filing status types are Single, Married Filing Jointly, Married Filing Separately, Head of Household, and Qualifying Widow(er).

Resources

See Also

Further Reading


Posted

in

by

Tags:

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *