Everyone who files a federal tax return must determine which filing status applies to them. It’s important for taxpayers to choose their correct filing status as it determines their standard deduction, the amount of tax they owe and any refund owed to them.
Here are eight facts about the five filing status options the IRS wants taxpayers to know in order to choose the correct filing status.
•Marital status on the last day of the year determines a person’s marita...
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