Sentences with phrase «advantageous filing status»

If you are not married, and you have a dependent child or a Qualifying Person, you may be able to file your tax return using a more advantageous filing status than Single.

Although some separated taxpayers can file single, filing head of household is a much more advantageous filing status than single because of the lowered tax rate.

Not exact matches

That may not be a bad thing if you have custody of one or more children and lived apart from your spouse during the last six months of the tax year, in which case you can use the advantageous Head of Household filing status.

Both of these statuses can be more financially advantageous than filing single, so it's worth reviewing your options with a tax professional.