Can I Choose Single Tax Filing Status, How & Why?

Single Tax Filing 2023:

We have taken this opportunity to give you brief information about determining your exact filing status so that you can file accurate tax returns, let go through the information below.

What is Single Tax Filing Status?

A tax payer has to determine his tax filing status to get better tax benefits let know more about it, a tax payer is considered single if he/she had not been married on or before the last day of the tax year which is before December 31st, or not qualified to opt other filing status.  The standard deduction for Single Tax Filing is $13,850.

Even widow(er) can file single filing status for the following two tax years of the other spouse death. Tax payer can file form 1040, form 1040EZ, Form 1040A and form 1040X if the income is less than $100,000.

A tax payer who is single can choose to file HOH (Head of household) filing status if eligible to claim dependent.

  1. Dependent must have lived with the single tax payer for more than half of the tax year.
  2. Dependent should not have paid more than half of his personal expenses.
  3. Paid more than half of the expenses for maintaining household expenses.

Can a Tax Payer Amend the Married Filing Jointly to Single Filing Status?

A tax payer once filed MFJ (Married Filing Jointly) tax return cannot amend the tax return to single or separate filing status.

Who Can File Single Tax Filing Status?

  1. Legally divorced or separated
  2. Widowed on or before the tax year (December 31st).
  3. Unmarried

How Should I File Single Filing Tax Returns?

There are various online sources to file your tax returns, but Crescent Tax Filing is among the best rated tax professionals consulting firm which can help you in determining your suitable tax filing status like: Married Filing Jointly, MFS, Single, HOH, QWDC with other tax benefits to save your hard earned money from losing by the way of taxes.

Along with the correct filing status we can even check whether you are eligible for itemized tax returns based on your eligibility.

Filing incorrect or ineligible filing status can attract expensive notices/enquiries or auditing from IRS or State Income Tax Departments. Filing your tax returns with Crescent Tax Filing can ensure you that your tax returns are filed by tax experts who have decades of experience which is not available with online tax filing portals.

Anything else I can claim on tax returns apart from Single Filing Status?

There are various things you can claim apart from Single Filing Status like:

  1. Health savings account deduction
  2. Itemized deductions
  3. IRS deductions
  4. Student loan interest deduction
  5. Tuition fees
  6. Alimony paid
  7. Foreign tax credit
  8. Education credits
  9. Retirement savings contributions credit
  10. Residential energy credits, and many more

Tax Brackets for Single Tax Filers

The tax brackets for MFS – Married filing separately and Single tax filing is same, let’s go through the detailed tax brackets below.

Single-Tax Bracket

Up to $11,000 10% on Taxable Income
$11,001 up to $44,725 $1,100+ 12% additional tax over the income of $11,000
$44,726 up to $95,375 $5,147 + 22% of additional tax over the income of $44,725
$95,376 up to $182,100 $16,290 + 24% of additional tax over the income of $95,375
$182,101 up to $231,250 $37,104 + 32% of additional tax over the income of $182,100
$231,251 up to $578,125  $52,832 + 35% of additional tax over the income of $231,250
$578,126 and Over $174,238.25 + 37% of additional tax over the income of $578,125 

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