Joint tax return


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Related to Joint tax return: Married Filing Jointly

Joint tax return

Tax return filed by two people, usually spouses.

Joint Tax Return

A tax return filed by a married couple. Joint tax returns are advantageous, as husbands and wives usually have a lower tax liability filing together than they would filing separately.
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The largest category of women were those whose W-2 earnings made up at least 25 percent, but less than 50 percent (25 percent under 50 percent) of the total wage income on a joint tax return.
However, in some cases a spouse will be relieved of the tax, interest, and penalties on a joint tax return.
That Act clearly established the principle of joint and several liability on a joint tax return.
This article analyzes the joint tax return rules, examines some of the divergences in their application, and highlights some restrictions that may apply under current law.
Since the surviving spouse in Zeeman was unable to file a joint return in the year she incurred the loss, the court disallowed an NOL carryback against income reported on a joint tax return with her deceased husband in prior years.
An unmarried couple seeking to file a joint tax return should seek local counsel on the possibility of qualifying as common law spouses.
The Defense of Marriage Act, which made it impossible for same-sex couples to be considered “married” under Federal law, ensured same-sex couples would not be entitled to such benefits as filing a joint tax return, taking the marital deduction in estate transfers, and being entitled to spousal and widow Social Security benefits.
In 2010, a married stockholder filing a joint tax return with taxable income over $137,300, and less than $209,250, is in a 28 percent marginal tax bracket, thus having 72 cent dollars available to pay premiums.
The full American Opportunity Credit is available only to taxpayers with a modified adjusted gross income of less than $80,000, or $160,000 on a joint tax return.
A judge ruled on November 9 that Ann Louise Gilligan and Katherine Zappone could sue for the right to file a joint tax return in their native Ireland.
In tax year 2000, an individual taxpayer was entitled to a standard deduction of $4,400, while married individuals filing a joint tax return were entitled to a standard deduction of $7,350.
The tax rates and the standard deduction (also called the " zero Bracket Amount" prior to 1987) for single taxpayers were set at approximately sixty percent of the tax rates and the standard deduction for m arried taxpayers filing a joint tax return.

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