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Questions and Answers
Which of the following is NOT a tax filing status recognized by the IRS?
Which of the following is NOT a tax filing status recognized by the IRS?
- Head of household
- Divorced filing jointly (correct)
- Married filing separately
- Married filing jointly
Which tax filing status has the largest standard deduction?
Which tax filing status has the largest standard deduction?
- Head of household
- Married filing jointly (correct)
- Single
- Married filing separately
Which tax filing status is equivalent to a married filing jointly status but only applies to those who have lost their spouse in the previous two years and have a dependent child?
Which tax filing status is equivalent to a married filing jointly status but only applies to those who have lost their spouse in the previous two years and have a dependent child?
- Qualifying widow(er) with dependent child (correct)
- Married filing separately
- Single
- Head of household
Which tax filing status has a smaller standard deduction and cannot claim certain credits?
Which tax filing status has a smaller standard deduction and cannot claim certain credits?
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Which of the following is NOT a factor that determines tax filing status?
Which of the following is NOT a factor that determines tax filing status?
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Study Notes
- Tax filing status reports income and expenses to the IRS based on marital status and dependents.
- There are 5 tax filing statuses: single, married filing jointly, married filing separately, head of household, and qualifying widow(er) with dependent child.
- Tax rates and deductions vary based on filing status.
- Single taxpayers have a standard deduction and can claim certain credits.
- Married filing jointly taxpayers have a larger standard deduction and can claim certain credits.
- Married filing separately taxpayers have a smaller standard deduction and can't claim certain credits.
- Head of household taxpayers have a larger standard deduction and can claim certain credits.
- Qualifying widow(er)s with dependent children have the same status as married filing jointly taxpayers.
- Filing status is determined by marital status and dependents.
- More information can be found on the IRS website.
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