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  2. Married Filing Separately: What You Need To Know for This Tax ...

    www.aol.com/finance/married-filing-separately...

    Filing taxes under the status of “married filing separately” for tax year 2020 — i.e., the return you’re filing in 2021 — is largely unchanged from the 2019 tax year. If the IRS hands ...

  3. Deciding Between Married Filing Jointly Versus Separately ...

    www.aol.com/deciding-between-married-filing...

    For example, the 2023 standard deduction for married filing jointly is $27,700 ($29,200 in 2024) versus just $13,850 ($14,600 in 2024) for married filing separately.

  4. With little time left until April 15, the 2024 deadline for filing federal taxes in the U.S., some married couples are grappling with the question: Should we file jointly or separately? Check Out:...

  5. Filing status - Wikipedia

    en.wikipedia.org/wiki/Filing_status

    Taxation in the United States. Under United States federal income tax law, filing status is an important factor in computing taxable income. [1] Filing status depends in part on marital status and family situation. [2] There are five possible filing status categories: single individual, married person filing jointly or surviving spouse, married ...

  6. Filing separately avoids the marriage penalty and allows each spouse to use the single tax brackets, which are slightly wider than the brackets for married couples filing jointly. You Have ...

  7. Head of Household - Wikipedia

    en.wikipedia.org/wiki/Head_of_Household

    Head of Household is a filing status for individual United States taxpayers. It provides preferential tax rates and a larger standard deduction for single people caring for qualifying dependents. To use the Head of Household filing status, a taxpayer must: Be unmarried or considered unmarried at the end of the year.

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