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


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