Which filing status we choose could have rather significant implications on the taxes we pay. The US tax system - unlike its counterparts in other parts of the world - has put into place five separate filing statuses. In fact, it is imperative to choose the right filing status to pay the lowest legally allowed taxes possible. Hence, let us further analyze these filing statuses.
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Tax Law Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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