separate return

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.

separate return

A tax return filed separately by each spouse, in which income and deductions attributable to that spouse are listed. Spouses may choose to file separate returns or to file a joint return combining incomes and deductions. Compare joint return.
References in periodicals archive ?
The limit is $375,000 for a married taxpayer filing a separate return.
Moss filed a separate return in April 2009, apparently because she believed she was entitled to a theft loss deduction.
9 percent on wages in excess of $200,000 for an individual filing as single or head of household, $250,000 for a married couple, or $125,000 for a married individual filing a separate return.
The PAYE data must be sent electronically to HMRC each time employees are paid, as part of routine payroll processes rather than sending a separate return at the end of the year.
From April employers will send PAYE data electronically to HMRC each time they pay their employees as part of routine payroll processes rather than sending a separate return at the end of the year.
For a married individual filing a separate return who is covered by a retirement plan at work, the phase-out range remains $0 to Sl0,000.
The income brackets to which each rate applies depend upon whether a separate return, joint return, head-of-household return, or single return is filed.
The aggregate amount treated as acquisition debt for any period shall not exceed $1 million or $500,000 in the case of a married individual filing a separate return.
The Separate Return Method is the Preferred Method Paragraph 40 of FAS 109 requires that the current and deferred tax expense for a group that files a consolidated return be allocated among the group members when those members issue separate financial statements.
If a taxpayer is considered married, filing status is either married filing a joint return or married filing a separate return.
Fans should book separate return flights by easyJet from Liverpool to Berlin Schoenfeld airport and from Schoenfeld to Athens and save hundreds of pounds on the quoted prices for a direct flight.