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Filing status depends in part on marital status and family situation. [ 2 ] There are five possible filing status categories: single individual, married person filing jointly or surviving spouse, married person filing separately, head of household, and qualifying widow(er) with dependent children. [ 1 ]
Single Standard Deduction: When using the single tax-filing status, ... Single taxpayers and qualifying widow(er)s for example, might also be eligible to file as head of household.
The IRS provides five options: Single, married filing jointly, married filing separately, head of household and qualifying widow or widower with dependent child.
What is my filing status? There are five options: single, head of household, married filing separately or jointly, and qualifying widow(er).
There are currently five filing statuses for filing federal individual income taxes: single, married filing jointly, married filing separately, head of household, and qualifying widow(er). [19] The filing status used is important for determining which deductions and credits the taxpayer qualifies for.
The head of household filing status was created in 1951 to acknowledge the additional financial burdens faced by single people caring for dependents. [ 3 ] [ 1 ] Consequently, it provides single parents and other people caring for qualifying dependents with a larger standard deduction and preferential tax rates compared to single filers ...
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With Tax Day fast approaching, understanding your tax filing status is - but not always easy to comprehend. For instance, if you're married, you can file jointly, or separately. Read Next: Taxes on...