Filing jointly or separately as a married couple: What’s the difference?

Filing jointly or separately as a married couple: What’s the difference?

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tax filing status

When you file your tax return, a tax filing status must be chosen. This status is used to determine your standard deduction, tax rates, eligibility for certain tax breaks and your correct tax.

Continue Reading: Filing jointly or separately as a married couple: What’s the difference?

There may be relief from tax liability for “innocent spouses”

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joint tax return

If you file a joint tax return with your spouse, you should be aware of your individual liability. And if you’re getting divorced, you should know that there may be relief available if the IRS comes after you for certain past-due taxes.

Continue Reading: There may be relief from tax liability for “innocent spouses”