Investor Glossary-joint returnInvestor Glossary-joint returnInvestor Glossary-joint returnInvestor Glossary-joint returnInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Joint Return

The HTML to link to this page
 

A joint return is an IRS tax return that is filed by both members of a married couple. In a joint return, income and deductions are combined, and the standard deduction is twice that of an individual. With a joint return, only one return is filed. To be eligible to file a joint return, the couple must have the status of "married filing jointly." In most cases, filing a joint return results in the couple paying less tax than they would if they filed separately. One common disadvantage (called the "marriage penalty") of filing a joint return is that the couple may actually pay more tax collectively than they would if they were not married at all and filed separately.



Rate this joint return definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: quality assurance, minority interest, command economy, Zero Cost Collar, APR, annual return, Key Rate Duration, average price per share, ex-dividend date, phantom income, risk management, in escrow, EBITDA, diluted share, option premium, cancelled check, covered put, required rate of return, labor relations, VIX, balance sheet, current ratio, LIBOR, real GDP, 401a, debt service coverage, 1031 exchange, margin rate, 144a, liquidity ratio, class C shares, wholly-owned subsidiary, deferred tax, irrevocable trust, 1035 exchange, stock market close, deferred revenue, implied volatility, reverse mortgage, retained earnings, dividends payable, inflation, stock split, open position, limit order, ex-dividend, FICO score, FTSE, per diem


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use