Federal Tax

5 Different Filing Statuses for Federal Tax Returns

Did you know there are five different filing statuses for federal tax returns? They generally depend on a taxpayer’s marital status as of Dec. 31. However, more than one filing status may apply in certain situations. If this is the case, taxpayers can usually choose the filing status that allows them to pay the least amount of tax. The statuses are single, married filing jointly, married filing separately, head of household, and qualifying widow or widower with a dependent child. Filing status can affect the amount of tax you owe, and it may even determine if you have to file a tax return at all. We’ll help determine which filing status is best for you when we prepare your tax return. © 2021