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IRS Tax Tip: 8 Facts To Help Determine Your Correct Filing Status

Jan 14, 2012
Dependents, Income Taxes, IRS, Tax Brackets, Taxpayers

Some people may qualify for more than one filing status. Here are eight facts about filing status that the IRS wants you to know so you can choose the best option for your situation.

  1. Your marital status on the last day of the year determines your marital status for the entire year.
  2. If more than one filing status applies to you, choose the one that gives you the lowest tax obligation.
  3. Single filing status generally applies to anyone who is unmarried, divorced or legally separated according to state law.
  4. A married couple may file a joint return together. The couple’s filing status would beMarried Filing Jointly.
  5. If your spouse died during the year and you did not remarry during 2011, usually you may still file a joint return with that spouse for the year of death.
  6. A married couple may elect to file their returns separately. Each person’s filing status would generally be Married Filing Separately.
  7. Head of Household generally applies to taxpayers who are unmarried. You must also have paid more than half the cost of maintaining a home for you and a qualifying person to qualify for this filing status.
  8. You may be able to choose Qualifying Widow(er) with Dependent Child as your filing status if your spouse died during 2009 or 2010, you have a dependent child, have not remarried and you meet certain other conditions.

Source

@IRSTax

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  • wp socializer sprite mask 32px IRS Tax Tip: 8 Facts to Help Determine Your Correct Filing Status
  • wp socializer sprite mask 32px IRS Tax Tip: 8 Facts to Help Determine Your Correct Filing Status
  • wp socializer sprite mask 32px IRS Tax Tip: 8 Facts to Help Determine Your Correct Filing Status
  • wp socializer sprite mask 32px IRS Tax Tip: 8 Facts to Help Determine Your Correct Filing Status
  • wp socializer sprite mask 32px IRS Tax Tip: 8 Facts to Help Determine Your Correct Filing Status
  • wp socializer sprite mask 32px IRS Tax Tip: 8 Facts to Help Determine Your Correct Filing Status
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2011 IRS Tax Brackets

Jan 14, 2012
IRS, Tax Brackets, Tax Tables

Here are the 2011 tax tables, which make it easy to find which marginal tax bracket you are in:

Tax Bracket Single Married Filing Jointly Head of Household
10% Bracket $0 – $8,500 $0 – $17,000 $0 – $12,150
15% Bracket $8,500 – $34,500 $17,000 – $69,000 $12,150 – $46,250
25% Bracket $34,500 – $83,600 $69,000 – $139,350 $46,250 – $119,400
28% Bracket $83,600 – $174,400 $139,350 – $212,300 $119,400 – $193,350
33% Bracket $174,400 – $379,150 $212,300 – $379,150 $193,350 – $379,150
35% Bracket $379,150+ $379,150+ $379,150+

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  • wp socializer sprite mask 32px 2011 IRS Tax Brackets
  • wp socializer sprite mask 32px 2011 IRS Tax Brackets
  • wp socializer sprite mask 32px 2011 IRS Tax Brackets
  • wp socializer sprite mask 32px 2011 IRS Tax Brackets
  • wp socializer sprite mask 32px 2011 IRS Tax Brackets
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