joint return


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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.

joint return

A single income-tax return filed commonly by a husband and wife. In a joint return, the tax liability is calculated on the premise that each spouse has contributed equally to the reported income. A joint return is especially advantageous for couples in which one spouse has considerably more taxable income than the other spouse. Compare separate return.

Joint Return

A return combining the income, exemptions, credits, and deductions of a husband and wife.
References in periodicals archive ?
The IRS conceded that Camara and his wife otherwise met the substantive requirements to have filed a joint return for 2012 and that the joint return they filed on May 27, 2016, with several agreed-upon changes, correctly reflected their 2012 tax liability.
Moss did not sign the return in issue, it did not comply with the requirements for a joint return under Regs.
Treasury and the IRS indicated in prior guidance that they would propose regulations addressing domestic abuse and other circumstances that would create obstacles to filing a joint return.
In 1941, after an unsuccessful attempt at preventing income-shifting by itself, the Treasury Department convinced the House Ways and Means Committee to recommend that Congress enact a mandatory joint return for married couples.
EGTRRA 2001 increased the size of the 15% bracket for married couples filing joint returns to twice the size of the corresponding bracket for unmarried individuals filing single returns, phasing in the increase over four years, beginning in 2005.
Equitable Relief may apply when a spouse does not qualify for innocent spouse relief or separation of liability relief for something not reported properly on a joint return.
Commissioner centered on an attempt by the IRS to collect a joint return liability from the estate of a wife.
When a taxpayer is considered married, the filing status is either married filing a joint return or married filing a separate return.
The current standard deduction for a joint return is approximately 167% of the standard deduction for a single taxpayer.
The 2001 Act raised the phase-out range on a joint return to $190,000 to $220,000, but it's a meaningless concession.
An above-the-line income-tax deduction of up to $3,000 per year for qualifying tuition expenses will be instituted for taxpayers with adjusted gross incomes less than $135,000 if filing a joint return and $65,000 if single.
11] However, ignorance of the tax consequences of signing the joint return has been rejected as an extenuating circumstance.

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