What are the IRS Tax Return Filing Statuses? – Find Your Correct Filing Status

IRS Tax Return Filing Statuses - Find Your Correct Filing Status

If you wonder what the IRS tax return filing statuses then it is necessary for you to know that IRS tax return statuses are important. Your tax filing status can have a major impact on the tax benefits that you receive the tax amount that you pay and the standard deduction amount. It might also have an impact on whether you need to file a federal income tax return. In this case, you will need a federal tax filing status. 

List of Five IRS Tax Filing Statuses

Basically, there are five different filing statuses on deferral tax returns. However, there are some important facts offered by the IRS in order to enable individuals to choose the right and the best filing status. 

Marital Status

This is the marital status on the last date of the year and this is your filing status for the entire year. If you find that there is more than one filing status suiting your conditions, you must make the choice of a status that gives you the flexibility of paying the lowest taxes. However, keep one thing in mind and that is filing status for taxes is very important and therefore statuses need to be chosen carefully.

Single Filing Status

This generally applies to individuals who are unmarried, legally separated or divorced as per the state law.

Married Filing Jointly and Married Filing Separately

Married couples might file tax returns together by using this status. Then there is the married filing separately status for filing returns separately.

Head of Household

Head of the Household status applies only to individuals who are unmarried and have made payments of more than half of the cost of home maintenance.

Qualifying Widow with Dependent Child

The status applies to spouses with dependent children while meeting other conditions. Determining your correct filing status is very important and this should always be kept in mind.

Alert: Efile your tax form 1099 online at Tax2efile.