Whats My Filing Status For Taxes?
“What filing status should I use” is a question I hear every year from new clients, potential clients and old clients. It might be a question on your mind also; let’s review some facts and make it easier for you to decide which filing status you should use this year or any other year when preparing your tax return. There are the five filing status on the 1040 tax return: o Single o Married filing jointly (even if only one had income) o Married filing separately o Head of Household o Qualifying widower The single filing status is the easiest one of all the filing status it’s simply if you don’t qualify for any of the other one’s listed use single. Married filing jointly sounds pretty simple also; but, so many people are confused by this one. Your filing status on the last day of the year determines your filing status for tax preparation. Example: if you and your husband are living together on the last day of the year you have a choice. You can either file married filing jointly or Marri
