Sentences with phrase «advantageous tax status»

It has also been highlighted that, as Chancellor, Osborne failed to tackle the advantageous tax status for so - called non-doms, which Lebedev is understood to benefit from, while Lebedev's paper strongly supported the Conservative Party in the 2015 general election and the Conservatives» candidate Zac Goldsmith in the 2016 London mayoral election.

Not exact matches

In terms of tax benefits, this status is usually considered less advantageous because it can result in a higher overall tax for a married couple.

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.

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.

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.

In terms of tax benefits, this status is usually considered less advantageous because it can result in a higher overall tax for a married couple.

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