FT MarketWatch

Married filing separately

A tax Filing status indicating that a married couple is Filing two separate tax Return, one for each individual. Married couples have the Option of Filing jointly or separately. Although Filing jointly often results in less taxes, Filing separately is sometimes preferable when one partner has significant medical Expense, casualty losses, or miscellaneous itemized Deduction.

Related Terms: 13 ACH, Casualty loss, Deduction, Expense, Filing, FICA, Filing status, Joint, Option, Return, Separate tax returns, Tax, Tax return
Other Related Pages: Category: Taxes Starting With: M
Additional Related Terms: Accrued expense, Allowance for depreciation, Average accounting return, ACH, Adjustable rate, Above par, Accrual of discount, After-tax basis, Amortization of premium, At par