What is the best filing status for taxes?

How to Choose the Best Filing Status

What Filing Status Should I Use?

It is very important to select the correct filing status when filing your individual tax return. Many tax credits, deductions, and the amount of taxes paid are dependent upon the filing status selected. At times, more than one filing status may apply to you. In this case you should work with your tax advisor to figure out which status is best for you.

The 5 Filing Statuses:

  • Single
  • Married Filing Jointly
  • Married Filing Separately
  • Head of Household
  • Qualifying Widow(er) with dependent child

Read moreHow to Choose the Best Filing Status

Everything You Need to Know about Injured Spouse Tax Relief

Everything seemed to be going well with your tax preparation this year until you were unexpectedly told you would not be receiving your refund.

In fact, you would end up giving the entire refund to the IRS for a particular issue unknown to you.

Once you contacted the IRS you learn that your spouse owes money towards a delinquent student loan payment and now the money you were depending on has vanished…

…Or so you thought.

Read moreEverything You Need to Know about Injured Spouse Tax Relief