How to determine my status when filing my Tax Return?

A taxpayer’s filing status, for any year, is determined by his or her marital status as of December 31. Therefore, if you are single on December 31, you will file as a single taxpayer for the entire twelve-month period ending December 31, no matter what your status was during the year. This rule, when unknown or forgotten, may leave one party, solely, to bear the cost or reap the benefit of the tax consequences accrued during the marriage.

Posted in: Tax Issues