Sentences with phrase «file a joint return because»

For example, if your son and his spouse file a joint return because one or both of them had money withheld from their paychecks, but did not make enough to be required to file a return or owe any income taxes, you could still claim your son — and even his wife — if they meet all the other tests.

Not exact matches

Because of preferential tax brackets that apply to the married filing jointly status, couples who file a joint return will oftentimes pay less income tax in comparison to filing separately.

However, the GA return was $ 130 off because they calculated my tax from the Married filing separate return column instead of the Married filing joint column.

If you can't file a joint return for the year because you're divorced by year - end, you can file as a head of household (and get the benefit of a bigger standard deduction and gentler tax brackets), if you had a dependent living with you for more than half the year, and you paid for more than half of the upkeep for your home.

Thus, this couple might save taxes by filing separately, because one spouse's big medical expenses might be deductible on a separately filed return but could be reduced, or even eliminated, on a joint return.

Because of the federal Defense of Marriage Act (DOMA), same - sex unions and marriages are not recognized for federal purposes, so gay couples have to file their federal returns as either single or head of household, and then create a mock joint return to prepare the state return.

This is because those who claim tax returns jointly are not likely to save much money upon doing so and the entire process of filing a joint return might prove to have been done in vain.

In tax year 2013, the eligible dependency exemption is $ 3,900 unless a taxpayer is subject to Alternative Minimum Tax; or the deduction is reduced because his / her adjusted gross income exceeds $ 300,000 on a joint return, $ 275,000 on a HH return, $ 250,000 on a single return, or $ 150,000 on a married filing single return.