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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
A return combining the income, exemptions, credits, and deductions of a husband and wife.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary