Sentences with phrase «to file a joint return»

Additionally, the standard deduction allowed on the tax return is highest for married couples filing a joint return.

To qualify as either one, the child generally can't file a joint return with a spouse.

Must not file a joint return unless he or she is only filing to claim a refund of estimated taxes or income taxes withheld.

You qualified to file a joint return for the year your spouse died.

For married couples who file a joint return that will include all of their combined income and deductions.

This does not apply to married individuals filing a joint return.

Couples who are splitting up but not yet divorced before the end of the year have the option of filing a joint return.

Your child must not file a joint return unless he or she is only filing to claim a refund.

** A surviving spouse is still entitled to file a joint return in the year their wife or husband has died.

This responsibility applies even if your divorce decree states that your former spouse will be responsible for any amounts due on previously filed joint returns.

They live in a common - law state and file a joint return showing taxable income of $ 12,000.

The effect was that filing a joint return became the most convenient, and cost - effective, way for married couples everywhere to file tax returns.

A marriage penalty exists when two individuals filing a joint return pay more tax than the sum of their individual tax liabilities calculated as if they were filing as single taxpayers.

It doesn't matter if you actually filed a joint return.

If you're newly married, you'll have to decide whether to file a joint return together or file separately.

If filing a joint return, the deduction is limited to $ 10,000 or the actual amount paid.

If you're married and file a joint return with your spouse, then each of you is allowed to claim a personal exemption.

For reference, here are the 2017 tax brackets for single taxpayers and married couples filing joint returns.

If you choose to file as residents, you must file a joint return for the year you make the choice.

For married couples who file a joint return that will include all of their combined income and deductions.

If the 2 people are the child's parents and they don't file a joint return, the individual with whom the child lived longer during the year claims the child.

When individuals file joint returns they are both equally responsible for the tax liability.

This responsibility may apply even if your divorce decree states that your former spouse will be responsible for any amounts due on previously filed joint returns.

You must not file a joint return unless you're only filing to claim a refund of withholding and / or estimated taxes paid.

Couples who are not yet officially divorced before the end of the year can still file a joint return.

In determining a taxpayer's eligibility to claim a dependency exemption, these proposed regulations change the IRS's position regarding the adjusted gross income of a taxpayer filing a joint return for purposes of the tiebreaker rules and the source of support of certain payments that originated as governmental payments.

Contributions to a Roth IRA are phased out for individuals with adjusted gross income between $ 95,000 and $ 110,000 a year, and for married persons filing a joint return with adjusted gross income between $ 150,000 and $ 160,000.

Filing a joint return generally offers more of a tax break for couples but that's not always the case.

This option is available to children under age 19 (or a full time student under 24) who are not filing a joint return using Form 8814.

If you file your return as married filing separately, and then decide you would rather file a joint return, the IRS allows you to change your filing status.

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.

The executor usually files a joint return, but the surviving spouse can file it if no executor or administrator has been appointed.

Keep in mind though that the IRS does not require you to be legally married for an entire tax year before filing a joint return.

For example, an investor filing a joint return in the 27.5 % tax bracket would have to purchase a zero coupon bond at 7.59 % to equal the tax - exempt municipal yield of 5.5 %.

Married couples filing a joint return get to claim two personal exemptions (one for each of you) on the tax return instead of the one exemption allowed when you filed as a single individual.

Vincenzo Villamena, managing partner of a firm that provides tax planning help for Americans living overseas and others with special situations, says the easiest thing to do is to simply file a joint return, treating a nonresident spouse as a resident, if necessary.

The applicable dollar amount for determining the deductible amount of an IRA contribution for taxpayers who are active participants filing a joint return or as a qualifying widow (er) is $ 99,000.

Civil union partners filing a joint return, must either provide copies of the federal extension application (or confirmation number) for both partners, or they must file Form NJ - 630.

When two people get married, if one person has a much larger income than the other, you might actually save a quite a bit of money on tax by filing a joint return.

Filing joint returns allows for different deductions and costs, so it is important to determine what your status will be.

Therefore, if the custodial parent and the stepparent file a joint return, use that joint return.

If your adjusted gross income is $ 65,000 or less ($ 130,000 or less if filing a joint return), you are able to deduct the full $ 4,000.

For US tax purposes, you have the option of filing a joint return with your spouse.