Tag Archives: married
For the 2014 tax year, filers can claim exemptions for three different categories, worth $3,950 each, if they meet the requirement for each exemption. Also, taxpayers who are high-income may be subject to a phase-out rule, in which these exemptions do not apply. Yourself: Unless you are claimed as a dependent on someone else’s tax […]
— Read moreAs far as the IRS is concerned, same-sex couples who are lawfully married are thereby considered “married” for all tax reasons, regardless of the law where you currently reside. Effective for the 2013 tax year, all same-sex married couples were subject to the same tax implications as other married couples. The IRS recognizes same-sex marriages […]
— Read moreThere are a variety of status under which you can file your taxes, and understanding the difference between each can help you determine which status you should file. At tax time, you can use all the help you can get to make the process as simple and smooth as possible.
— Read more
