DEFINITION of 'Filing Status'
A category that defines the type of tax return form an individual will use. Filing status is closely tied to marital status.
The five filing statuses are:
1. Single filer
2. Married person filing jointly or surviving spouse
3. Married person filing separately
4. Head of household
5. Qualifying window(er) with dependent child
INVESTOPEDIA EXPLAINS 'Filing Status'
The filing status is important because a person's tax bracket (and therefore the amount he or she must pay) is determined by marital status, number of children, occupation and several other factors. You must file your status honestly, or it will be considered fraudulent and penalties will be assessed.
One of the tests administered by the IRS that potential dependents ...
A status held by the person in a household who is running the ...
A status that is important for determining dependency exemptions. ...
A filing status for married couples who choose to record their ...
A filing status for married couples that have wed before the ...
The rate at which an individual is taxed. Tax brackets are set ...