Married Taxpayer

Married Taxpayer

A person who is legally married on the final day of a tax year (which is usually the calendar year). In the United States, a married taxpayer has the option of being married filing separately or married filing jointly, depending on which option offers the most tax advantages.
References in periodicals archive ?
Meanwhile, for a married taxpayer with one or more dependents, the tax due ranges from almost nothing to absolutely nil.
Now, state income tax withholding will need to be adjusted to reflect that this coverage is not includible in income, and the employee will usually be taxable at married taxpayer rates.
1) A married taxpayer with gross income of $3,650 or more in 2010 must file a return if he and his spouse are living in different households at the end of the taxable year.
This total is then compared to a first-tier threshold of $25,000 for a single taxpayer or for a married taxpayer who is filing separately and who lived apart from his/her spouse for the entire year; or $32,000 for a married taxpayer filing jointly.
In Portugal the size of the tax credit is increased for a married taxpayer to EUR 356.
The requirements for a married taxpayer to be considered unmarried for purposes of filing status include: (1) the taxpayer files a separate return; (2) the taxpayer maintains a household for more than one half of the tax year that is the principal place of abode of a dependent child, or a child who would be considered a dependent under a noncustodial declaration signed by the custodial spouse; (7) (3) the taxpayer furnishes more than one half of the cost of maintaining the household; and (4) during the last six months of the tax year, the taxpayer's spouse is not a member of the taxpayer's household.
The limit is $375,000 for a married taxpayer filing a separate return.
The debt limit is $550,000 for a married taxpayer filing a separate return.
The Tax Court held that a married taxpayer who filed a separate return did not qualify as a real estate professional through attribution of her husband's activities, and therefore she could not deduct her rental real estate losses.
8% tax is imposed on the lesser of the individual's net investment income for the year or the amount of the individual's modified adjusted gross income (AGI) that exceeds a threshold amount ($250,000 for a married taxpayer filing a joint return, $125,000 for a married taxpayer filing a separate return, and $200,000 for all other individuals).
2017-205, holding that a married taxpayer who erroneously claimed head-of-household status could subsequently file an amended joint return with her husband for the same tax year, enabling them to claim an earned income tax credit.
The present Marriage Penalty (and Of 1969) when separate tax rates were established for single taxpayers and married taxpayer.