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February 17, 2013

Taxsmith – What is the Best Filing Status?

Taxsmith urges that it is always important to use the correct filing status when filing your tax return. It can impact the tax benefits you receive, the amount of your standard deduction and the amount of taxes you pay. It may even impact whether you must file a federal income tax return. The first question you should ask yourself is are you single, married or the head of your household? There are five filing statuses on a federal tax return. […]