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My marital status changed during the year. Is it important that I tell my tax professional? |
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The filing status of a taxpayer is an important aspect of preparing a tax return. If you completed a divorce during the year, then you should change your filing status to Single or Head of Household, depending on your circumstances. However, if your spouse died during the year, then you can file Married Filing Joint or as a Qualified Widower with Dependent Child. Each of the filing statuses has their own deduction limits, which will greatly affect the total income taxes that you pay. A tax professional can help determine which filing status will benefit you most, as well as ensure that the right filing status is selected. |
