Single

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Single

In American taxation, the filing status for a legally unmarried person who does not qualify for any other filing status. In other words, single is the default filing status. This may affects one's tax liability; for example, single filers have lower income limits for most exemptions.

Single

The filing status used by an unmarried taxpayer who does not qualify for any other filing status.

References in periodicals archive ?

In 2009, the IRS Office of Chief Counsel issued Chief Counsel Advice (CCA) 200911007, which stated that when homes are jointly owned by unmarried taxpayers, the limits of Sec.

Unmarried co-owners must allocate mortgage interest limits

However, the JCT cautions that different rules for unmarried taxpayers create complexity and place unmarried parents at a disadvantage when compared to other types of extended family situations.

The AICPA looks at the uniform definition of a child

The $100,000 limit applies to unmarried taxpayers as well as to married taxpayers filing joint returns.

Roth IRAs: converting, recharacterizing and reconverting

The AMT exemption was increased to $40,250 for unmarried taxpayers, $58,000 for married filing jointly (MFJ) and $29,000 for married taxpayers filing separately.

How the AMT affects long-term capital gain rates: tax advisers and their clients should be aware of the interaction between the capital gain tax rates and the alternative minimum tax (AMT) when planning for the realization of long-term capital gains (LTCGs). This article examines how the AMT affects the 15% LTCG rate

In 2005, the AMT exemption reverts to the current amount of $45,000 for married couples filing a joint return and surviving spouses, $33,750 for unmarried taxpayers (not surviving spouses), and $22,500 for married taxpayers filing separately.

Income and Corporate Tax Provisions of the 2001 Tax Act

Married taxpayers Former Revised Exclusion Year threshold threshold ends 1993 $60,000 $68,250 $ 98,250 1994 $61,850 $70,350 $100,350 1995 $63,450 $72,150 $102,150 Unmarried taxpayers Former Revised Exclusion Year threshold threshold ends 1993 $40,000 $45,500 $60,500 1994 $41,200 $46,900 $61,900 1995 $42,300 $48,100 $63,100