Wednesday, January 27, 2010

How to File on Taxes if Married Filing Jointly

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File your taxes below the best filing status to save money. Your income tax rate and standard inference are determined by your filing status.

Determine that you were officially married as of December 31 of the tax year. If your spouse died during the tax year, you can file beneath the married filing jointly status unless you remarried and divorced during the tax year.

Determine that you were not lawfully separated during the tax year under a separate maintenance decree issued by a court.

In rare situation, a lower overall tax burden can occur if both spouses file separately. Consider filing separately if both spouses work, but income and itemized deduction are large and very unequal.

If a couple is divided in fact, but not by legal decree, check out the head-of-household filing status. This status strength is better for you if your spouse didn't live with you during the last six months of the year and you contain a child.

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