Sentences with phrase «usually files a joint return»

Not exact matches

Usually, signing a joint return makes both spouses liable for the underreporting of taxes and penalties, so you may choose to file separately to avoid this potential problem.

Fact # 5: If your spouse passed away and you did not remarry during that year, usually you may still file a joint tax return with that spouse for the year of death.

You can usually continue to enjoy the tax benefits of filing joint married returns, and you both retain inheritance rights from the other.

If both you and your spouse have income, you should usually figure your tax on both a joint return and separate returns (using the filing status of married filing separately) to see which gives the two of you the lower combined tax.