   
|
|
Married Filing Separately
|
| FYI - For 2011, Dow up, Dogs of the Dow up more (double digits) |
| |
Married filing separately is a tax filing status under which a married couple files a separate tax return for each spouse. Married filing separately is the opposite of married filing jointly. Typically, married filing separately results in a higher tax liability for the couple. But there are certain cases in which married filing separately is a sensible filing choice. If one spouse has significant deductible expenses or miscellaneous deductions married filing separately may result in a lower tax liability for the couple overall (that's because many deductions are deductible only up to a certain percentage of adjusted gross income). The disadvantages of married filing separately include missing out on certain credits that are only available to married couples filing jointly.
Rate this married filing separately definition...
|
|
Where is the market headed? The answer may surprise you. Find out
right now with the exclusive & Barron's recommended charts of Chart of the Day.
|
Popular Terms: inflation, FICO score, EBITDA, labor relations, option premium, 1035 exchange, 144a, deferred revenue, limit order, balance sheet, ex-dividend date, dividends payable, command economy, current ratio, phantom income, required rate of return, average price per share, real GDP, FTSE, stock split, deferred tax, diluted share, margin rate, class C shares, debt service coverage, minority interest, open position, annual return, ex-dividend, 401a, risk management, reverse mortgage, covered put, in escrow, LIBOR, implied volatility, wholly-owned subsidiary, irrevocable trust, quality assurance, stock market close, liquidity ratio, cancelled check, 1031 exchange, APR, Key Rate Duration, Zero Cost Collar, per diem, retained earnings, VIX
|
|
| |