Single Filer
Definition of 'Single Filer'The filing status used by a taxpayer who is unmarried and does not qualify for any other filing status. Single filers include, according to The Internal Revenue Service (IRS), people who on the last day of the year are unmarried or are legally separated from a spouse under a divorce or separate maintenance decree, and he or she does not qualify for another filing status. Widow(er)s may be able to use the single filing status, but another filing status may prove to be more favorable. If more than one filing status applies to a taxpayer, he or she may choose the one that gives the lowest tax. |
|
Investopedia explains 'Single Filer'All persons who are required to file an income tax return with the Internal Revenue Service must choose a filing status. An individual can file under the five following statuses: single, married filing jointly, married filing separately, head of household, or qualifying widow(er) with dependent child.Tax rates and standard deductions differ between the various filing statuses. Single filers can use IRS Form 1040EZ (if they have no dependent, are under age 65 and not blind, and meet other requirements), Form 1040A or Form 1040. |
Related Definitions
Articles Of Interest
-
The Ultimate Tax-Time Checklist
Find out what information you need to pull together before filling out your return. -
10 Steps To Tax Preparation
Follow these simple steps to get you ready for April 15. -
Tax Treatment Of Roth IRA Distributions
Learn the requirements for withdrawing funds tax and penalty free. -
Getting A Divorce? Understand the Rules Of Dividing Plan Assets
Learn how different rules of asset handling apply to various retirement plans. -
Capital Gains Tax Cuts For Middle Income Investors
Find out how TIPRA plans to slash taxes for those in the 10-15% tax bracket. -
Has Income Tax Become A Class Tax On The Poor?
With more than 33% of American families falling close to the poverty line despite their adult members holding full-time employment, a rising number of citizens are being forced to pay a rate ... -
Possible Effects Of The Online Retail Tax
The U.S. Senate has passed a bill that will impose a sales tax on online retailers. Discover how the Marketplace Fairness Act could affect your bottom line. -
How To Get The Most Out Of Hiring An Accountant
When you hire an accountant, getting good tax advice going forward is as valuable as – or perhaps even more valuable than - getting the previous year’s taxes filed correctly. Learn what you need ... -
How The 2014 Obama Budget Could Affect Your Finances
Depending on which estimate you believe, Obama's proposed budget would raise the tax bill of a household with a yearly income of $50,000 to $75,000 between $63 and $100 per year. However, that’s ... -
Inaccurate Tax Return, Now What?
If the IRS finds errors, it will cost you. Find out how to fix them, and how to prevent them in the first place.
Free Annual Reports