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Apr 7, 2025What Are the Requirements for Married Filing Jointly?
You have to be legally married as of December 31st of the tax year to qualify for the Married Filing Jointly tax status. Often the most advantageous for married couples, this status usually provides a bigger standard deduction, access to more tax credits, and lower tax rates than filing separately. You may file jointly if: […]
adminApr 6, 2025What is filing status?
For tax purposes, the IRS demands that you include your personal relationship status at the top of Federal Form 1040.Each filing gives you with your standard deduction, which varies by tax year. Choosing the appropriate filing status is a crucial prerequisite. There are five filing statuses in total. Filing Statuses Additional Notes For more information […]
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