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Relocation services in New York City, relocation specialists of New York

 

Filing Status

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The first item the U.S. Government takes into consideration when determining your taxes is your filing status. This status impacts such items as the Standard Deduction for which you qualify and when phase-outs begin for itemized deductions, exemptions and certain credits (ex: child care). Your status will also dictate which tax rate schedule applies to you.

The five filing statuses are:

  • Single
  • Married filing jointly
  • Married filing separately
  • Head of Household
  • Qualifying widow(er) - generally treated the same as Married Filing Jointly
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