Investor Glossary-joint tax returnInvestor Glossary-joint tax returnInvestor Glossary-joint tax returnInvestor Glossary-joint tax returnInsightful stock market charts - Click here
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 Tax Return

The HTML to link to this page

A joint tax return is one tax return filed by a married couple on which the couple's income and deductions are reported together (neither spouse files his/her own tax return in the case of a joint tax return). A joint tax return is the type filed when a couple is filing under the status married filing jointly, which is the opposite of married filing separately. Filing a joint tax return usually results in the lowest tax liability for married couples, though in some cases it makes more sense to file under the married filing separately status. Couples filing a joint tax return must add together their incomes for reporting on the joint tax return, resulting in a higher adjusted gross income. But the couple's standard deductions will also be higher on a joint tax return. Filing a joint tax return also allows couples to claim credits they would not otherwise be able to claim.

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

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
©2004-2015 Investor Glossary - All rights reserved - Terms of Use