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

Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | 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