Tax law distinguishes filing status because filing requirements, certain credits and above-the-line deductions, tax brackets, and the standard deduction depend on the filing status. Additionally, filing status determines the income threshold for which Social Security is taxed. The main purpose of grouping taxpayers according to filing status is based on the presumption that, with the same income, single people can …
Tax Issues and Divorce – Part 2
The Filing Status to Use While the Divorce is Pending. How the Property Division Can Impact Taxes. Info on Divorce and Taxes.