Everywhere, I find that I must fill up my filing status. Why is so ?
Prashant Thakur Changed status to publish December 31, 2022
Internal Revenue Code is conceptualized around the status of a person- whether married or not. So, various tax rules incorporated this fact and set various kinds of reliefs, tax rates, etc. For example, your filing status determines :
- The tax bracket,
- Your filing requirements,
- How much standard deduction you can claim,
- Eligibility for certain credits. I
Prashant Thakur Changed status to publish December 31, 2022
