It’s important to choose the right filing status when filing your income tax return. It can affect your tax deductions and more importantly, how much tax you owe.
The first thing to remember is that your status as of December 31 is what determines your status for the entire year.
Here are the five filing statuses:
When in doubt, the best way to get answers to your filing status questions is to consult with your tax professional to pick the best filing status for your situation.