Hi, sorry for the error. Here is the corrected and properly divided text: Hi, welcome to GT County and Tad services news, coming from our office in Hayward, California. Today, we'll be discussing the 5 filing statuses for completing the 2016 income tax return. The first filing status we will cover is "Head of Household." Then we'll move on to "Married Filing Jointly," followed by "Married Filing Separately." Next, we'll talk about "Qualifying Widow(er) with Dependents," and finally, we'll discuss the "Single" filing status. To determine your filing status, it depends on whether you were married or unmarried at the end of the tax year. Let's start with the "Head of Household" status. To claim this status, you must meet three requirements: first, you must be unmarried or considered unmarried at the end of the tax year. Secondly, you must pay more than half the cost for maintaining a home for the year. And thirdly, a qualifying person must live with you for more than half a year, except for temporary absences such as school. However, if the qualifying person is your qualifying parent, they are not obligated to live with you in order for you to select the "Head of Household" filing status. The second filing status we'll cover today is "Married Filing Jointly." In order to qualify for this status, both spouses must be married at the end of each tax year. Both spouses must also agree to file a joint return. By filing jointly, your combined income and allowable expenses will be reported on an individual 1040 form. The third filing status is "Married Filing Separately." To qualify for this status, both you and your spouse must agree not to file a joint return. You may choose to file separately if you want to be responsible for your own taxes or...
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2023-2024 Publication 501 Form: What You Should Know
Exemption is for a dependent child under age 17, or a dependent of a person age 17 or older who is not eligible for the exemption. 2017-18 Federal Income Tax Returns The form for filing each year's Federal income tax return is: Filing Status Income Tax Rate Single 8,850 Married filing joint, 12,150 Head of Household 13,100 Filing Status Income Tax Rate Standard Deduction Personal Exemption Earned Income Credit Dependent Exemption Unmarried Exemptions -750 In 2019, there is an exemption for married couples filing jointly. Exemption is for a dependent child under age 17, or a dependent of a person age 17 or older who is not eligible for the exemption.
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