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Frequently Asked Questions
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What is my tax filing status if my marriage is annulled?
If you obtain an annulment that declares your marriage never existed, you are considered unmarried for this and any previous tax years. You must amend your tax returns for all tax years not affected by the statute of limitations for filing a return (usually three years) to show this change in marital status.
Should married couples file jointly or separately?
To be sure that you pay the lowest tax, calculate your return both ways. It is usually advantageous for a married couple to file jointly. However, if both of your incomes are about the same, you may pay more in taxes by filing jointly depending on the rest of your return.
Who qualifies for Single filing status?
Single filer status is for unmarried people who do not qualify for another filing status. Most single people who can claim qualifying widow(er) or head of household status will find it advantageous to file under that status rather than as a single filer.
What is the filing status for a surviving spouse?
Taxpayers who do not remarry in the year their spouse dies can file jointly with the deceased spouse. For the two years following the year of death, the surviving spouse may be able to use the Qualifying Widow(er) filing status.
What is a Coverdell ESA?
An account established for a child under 18. Anyone meeting income limitations can contribute up to $2,000 annually per beneficiary. Withdrawals are tax-free when used to pay elementary, secondary, or post-secondary education costs.
What is Head of Household status and who qualifies?
The Head of Household filing status is for individuals that are the main providers of the household for themselves and a qualifying individual. This filing status allows you to take a higher standard deduction, possibly be eligible for a lower tax bracket, and perhaps qualify for the Earned Income Credit. If you are single or separated, check to see if you qualify.
What are the terms of Married Filing Jointly?
On a joint return, you report your combined income and deduct your combined allowable deductions. You may file a joint return even if only you (or your spouse) had income.
What are the terms of Married Filing Separately?
You may choose to file separate returns if it results in less tax liability or if either spouse prefers to be responsible only for their own tax liability. You may not claim your spouse as a dependent when you file with this status. If you were separated during the entire last half of the tax year, one of you may qualify as Head of Household if certain conditions are met.
How do self-employed individuals make tax payments?
Since an employer is not withholding taxes on your behalf, you may need to make quarterly estimated payments by filing Form 1040-ES, Estimated Tax for Individuals. Payments can be made by mail or online using the IRS Electronic Federal Tax Payment System or Electronic Funds Withdrawal.
What can teachers deduct for classroom expenses?
Elementary/secondary school teachers, counselors, principals, or aides who worked at least 900 hours during a school year may deduct up to $250 of books, supplies, computer equipment, and materials directly against income without itemizing. Remaining expenses can be deducted as a miscellaneous itemized deduction on Schedule A (subject to the 2% AGI limit).
