Step One in Filing Taxes: Choose the Right Filing Status
Your tax filing status determines the type of forms you need to submit, your standard deduction, and your eligibility for tax credits. Generally, your filing status is based on your marital status on the last day of the tax year. There are five filing statuses to choose from:
1. Single: if you’re unmarried, divorced or legally separated.
2. Married Filing Jointly: if you’re married or if your spouse passed away during the year.
3. Married Filing Separately: if you’re married and don’t want to file jointly or find that filing separately lowers your tax. Most couples save money by filing jointly.
4. Head of Household: if you’re single and you paid more than half of your living expenses for yourself and a qualifying dependent.
5. Qualifying Surviving Spouse (Widow/Widower): if your spouse died during the past 2 years and you have a dependent child.
USCPA Sophie Luo (羅霞) reminds you, A qualified CPA can help you choose the tax filing status that accurately matches your situation, ensuring tax compliance while maximizing your tax benefits.
If you have any questions or need further help, please contact us at the USCPA Sophie Luo (羅霞) +886 980919600
or Email: ustaxproservice@gmail.com
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