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Nov 2, 2020Choosing the Correct Filing Status
Believe it or not, something as simple as your filing status determines your filing requirements, standard deduction, tax credit eligibility, and your overall tax. Each tax year has a standard deduction based off of your filing status which is adjusted annually due to inflation. There are five filing statuses: Single Married filing jointly Married filing […]
adminJul 2, 2018Who must file taxes?
If your gross income was as least as great as the amount shown below and you are under 65 years old, you must file an income tax return Single – $9,500 Head of Household – $12,200 Married Filing Jointly – $19,000 Married Filing Separately – $ 3,700 Qualifying Widow or Widower – $15,300 […]
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