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Tax Tips for Individuals

2018
Jan-08-2018Tax Cuts and Jobs Act -- Individual Provisions
2017
Jan-14-20172017 Income Tax Updates
2016
Aug-19-2016Installment Agreement FeesMar-29-2016Where Is My Refund?Feb-10-2016How To Make Your Children "Pay Off" at Tax TimeFeb-05-2016IRS Payment OptionsFeb-01-2016Choosing the Right Filing StatusJan-22-2016Choosing the Right Tax Forms and Who Should File
2015
Sep-09-2015IRS Payments Made Easier (but not painless)Sep-09-2015IRS Reminder--Report Name ChangesSep-04-2015Affordable Care Act EstimatorsSep-04-2015College Tuition Tax CreditsSep-04-2015Tax Tips --DivorceJan-23-2015IRS Payment Plans / Fresh Start Program
2014
Dec-31-2014Affordable Care Act Tax provisions for 2014
Current
Oct-02-20135 Tips for Early PreparationOct-02-2013Amended ReturnsOct-02-2013Ayuda en EspanolOct-02-2013Car DonationsOct-02-2013Charitable ContributionsOct-02-2013Check Withholding to Avoid a Tax SurpriseOct-02-2013Credit for the Elderly or DisabledOct-02-2013Deductible TaxesOct-02-2013Deduction of State and Local TaxesOct-02-2013Earned Income Tax Credit for Certain WorkersOct-02-2013Filing an ExtensionOct-02-2013Filing Deadline and Payment OptionsOct-02-2013Foreign IncomeOct-02-2013Gift GivingOct-02-2013Marriage or Divorce…Oct-02-2013Refinancing your HomeOct-02-2013Refund, Where's My Refund?Oct-02-2013Selling your HomeOct-02-2013Tax Credit For Plug-in Electric VehiclesOct-02-2013Tax Incentives for Higher EducationOct-02-2013Ten Ways to Avoid Problems at Tax TimeOct-02-2013The Tax Advocate Service, provided by the IRSOct-02-2013Tips and Taxes

Choosing the Right Filing Status

Date: 2/1/2016

Choosing the Correct Filing Status

It’s important to use the right filing status when you file your tax return. The status you choose can affect the amount of tax you owe for the year. It may even determine if you must file a tax return. Keep in mind that your marital status on Dec. 31 is your status for the whole year. Sometimes more than one filing status may apply to you. If that happens, choose the one that allows you to pay the least amount of tax.

Here’s a list of the five filing statuses:

1. Single. This status normally applies if you aren’t married. It applies if you are divorced or legally separated under state law.

2. Married Filing Jointly. If you’re married, you and your spouse can file a joint tax return. If your spouse died in 2015, you can often file a joint return for that year.

3. Married Filing Separately. A married couple can choose to file two separate tax returns. This may benefit you if it results in less tax owed than if you file a joint tax return. You may want to prepare your taxes both ways before you choose. You can also use it if you want to be responsible only for your own tax.

4. Head of Household. In most cases, this status applies if you are not married, but there are some special rules. For example, you must have paid more than half the cost of keeping up a home for yourself and a qualifying person. Don’t choose this status by mistake. Be sure to check all the rules.

5. Qualifying Widow(er) with Dependent Child. This status may apply to you if your spouse died during 2013 or 2014 and you have a dependent child. Other conditions also apply.

You can find an IRS YouTube Video on Filing Status (link follows) or call us at 586-751-6060.

IRS YouTube Videos: