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Separate Tax Returns |
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Separate tax returns Tax returns of married persons who choose to file their returns individually, usually because this approach produces lower overall tax payments. 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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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