Tag Archives: filing status
Getting a divorce can be difficult for all parties, including financially. Your assets are now up for grabs, not only by your soon to be ex, but also by the IRS. Divorce impacts your taxes a lot, so you should be aware of the expectations at tax time when you get a divorce. Filing Status […]
— Read moreFiling your tax return doesn’t have to be stressful. Many people worry about making a mistake when filing, and surprisingly, mistakes do happen. It’s not the end of your tax world. It does mean that the IRS may take longer in processing your return, leading to a delay in your refund. Mistakes are less common […]
— Read moreMany people instinctively file their tax returns, which is great, because most people are required to file. However, some people aren’t required to file, though it may be beneficial to them to do so. If you are filing a tax return, you’ll want to pay attention to some new rules taking effect this year. Use […]
— Read moreIf you are a single parent you know you can face some only one of its kind situations in life, this can include things that come up at tax time as well. Before you file your taxes, you should check out these federal tax considerations: Head of Household – If you were single on the […]
— Read moreMarried couples who file a joint tax return are typically subject to the best tax rates, as well as those who are eligible to file under the qualifying widow(er) status using the same rates as married couples. Those who file separately from their spouse under a married filing separately status receive the highest tax rates, […]
— Read moreIf you aren’t married by December 31st and you were responsible for the upkeep of a household for a child, parent or other relative, you may be eligible to file your tax return using the head of household status. You do have to be a citizen or resident of the United States for the entire […]
— Read moreThere are two qualifying factors to determining eligibility for head of household, and you must meet both in order to file using the status. Both factors have a specific set of rules that help you determine if you meet the requirements. Marital Status: You have to be unmarried, or consider unmarried for the purposes of […]
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