filing jointly married

married, filing jointly

The ability of husbands and wives to file a joint tax return that allows them to aggregate their incomes into one total and pay taxes at a somewhat lower rate than if a single person earned the same amount of income.It is not necessary that both spouses earn income.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.