Lecture Cards

Question 1

Filing Status

Answer 1

Single
Married Filing Jointly
Married Filing Separately
Head of Household
Qualifying Widower

Question 2

Filing Status: Single

Answer 2

A Taxpayer is single or legally separated under a final court decree on the last day of the tax year
AND
Does not qualify for another status.

Question 3

Filing Status: Married Filing Jointly

Answer 3

Two married taxpayers agree on filing a joint return, assuming joint responsibility.
Both taxpayers may assume different forms of accounting but must use same accounting period.
Both taxpayers must sign form.
If one spouse is non-resident alien, said spouse must have social security or ITIN.
Annulled marriages also revoke joint tax returns.

Question 4

Filing Married Filing Separately

Answer 4

Cannot take Child and Dependent Care Credit in most cases, No Earned Income Credit available, No Exclusion or Adoption Credit, No education credits, no exclusion from interest earned on US Savings Bonds.

Question 5

Filing Head of Household

Answer 5

Unmarried (or not lived with spouse last 6 months of tax year if filing separately) individuals providing a home. Must live with Qualifying Child or Relative.

Question 6

Qualifying Relative

Answer 6

Anyone qualifying in the taxpayers family being provided more than half of their support from said taxpayer.