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Married Filing Separately |
Also found in: Acronyms | 0.04 sec. |
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Married Filing Separately A filing status in which a married couple files individual tax returns instead of a single return. When two spouses file separately, each is taxed like a single individual. This usually results in a higher combined tax liability, but it may be advantageous if one spouse has significantly higher expenses or deductions. Married Filing Separately A filing status that can be used by married taxpayers who choose to record their respective incomes, deductions, and credits on separate individual tax returns. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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