Investor Glossary-married filing jointlyInvestor Glossary-married filing jointlyInvestor Glossary-married filing jointlyInvestor Glossary-married filing jointlyInsightful 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

Married Filing Jointly

The HTML to link to this page
 

Married filing jointly is the tax filing term for a married couple filing a single tax return. This means that the individual incomes and deductions of a couple who is married filing jointly is combined. To qualify for "married filing jointly" status, the couple must have wed before December 31st of that tax year. If a spouse dies during the previous tax year and the widow(er) does not remarry that year, he or she may still choose married filing jointly. If a spouse died in the current tax year before the widow(er) filed that last year, he or she may again choose married filing jointly. For many couples, married filing jointly is a way to lower taxes. Some experts contend that married filing jointly is best if only one spouse has a significant income. Since taxes can be tricky, those married filing jointly should be aware that both spouses are equally liable for any misrepresentation or penalties associated with filing. An alternative to married filing jointly is to file as married filing separately.



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


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