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filing status - 1 dictionary result

Filing Status

The category defining the type of tax-return form an individual will use. The filing status is closely tied to marital status. These are five filing statuses:

1. Single individual.
2. Married persons filing jointly or surviving spouse.
3. Married persons filing separately.
4. Head of households.
5. Qualifying window(er) with dependent child.

Investopedia Commentary

The filing status is important because a person's tax bracket (and therefore the amount he or she must pay) is determined by marital status, number of children, occupation, and several other factors. You must file your status honestly, or it will be considered fraudulent and penalties will be assessed.

Related Links

Tax Tips For The Individual Investor
A Long-Term Mindset Meets Dreaded Capital-Gains Tax
The Saver's Tax Credit: an Added Incentive to Fund Your Plan
Retirement Plan Tax Forms You May Need to File - Part 1
Retirement Plan Tax Forms You May Need to File - Part 2

See also: Full-Time Student, Head of Household, Married Filing Jointly, Married Filing Separately, Tax Bracket

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