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An individual's tax liability depends upon two variables: the individual's filing status and the taxable income. [16] The status can determine the correct amount of tax, whether the taxpayer can take certain tax deductions or exemptions that could lower the final tax bill, and even whether one must file a return at all. [17]
Married Filing Separately Standard Deduction: When using the married filing separately status, filers can take the standard deduction of $12,400 for tax year 2020. Avoid: 30 Things You Do That Can ...
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.
When filing federal income taxes, everyone has to choose a filing status. There are five filing statuses: single, married filing jointly, married filing separately, head of household and ...
3. What Is My Married Filing Status? If you weren’t married on Dec. 31 of the tax year, the IRS considers you to be single, the head of household or a qualified widow(er) for that year.
The Internal Revenue Service states that your marital status on December 31 of the previous calendar year is your tax filing status for that entire year. ... divorced or legally separated. Filing ...
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