ACCT 201 Lecture Notes - Lecture 8: Tax Bracket, Filing Status, Gross Income
28 Oct 2017
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The next year will be surviving spouse if they have a qualifying child. This means you can still use the married filing jointly rates. The third year, if you still have a qualifying child, you will be head of household: if they die december 31st, 2016, then you would claim married for the 2016 tax year due in april. Then for the 2017 tax year due in april 2018, you are considered surviving spouse or head of household or single: abandoned spouse if they leave, generally for six months. Child dependants: can be a lineal descendant, not ascendant, your kids, adopted, eligible foster children, stepchildren, grandchildren, niece or nephews, younger siblings, older siblings (if disability) Qualifying relatives: those who live with you (not parents) and are not jointly married, cannot make more than ,050 (not parents, once an in-law, always an in-law. Standard deductions: single 6300, married jointly 12600, surviving spouse 12600, head of household 9300, married filing separately 6300.
