joint return (Meaning)
Wordnet
joint return (n)
a return filed by a husband and wife
Synonyms & Antonyms of joint return
No Synonyms and anytonyms found
joint return Sentence Examples
- Married couples can file a joint return to combine their incomes and expenses on a single tax form.
- Filing a joint return can result in a lower tax liability compared to filing separate returns.
- To file a joint return, both spouses must agree to be jointly and severally liable for the tax liability.
- When filing a joint return, both spouses' incomes, deductions, and credits are combined to calculate the tax liability.
- The standard deduction amount is higher for joint filers than for single filers or married couples filing separately.
- Joint filers may also be eligible for certain tax credits that are not available to single filers or married couples filing separately.
- The deadline for filing a joint return is the same as the deadline for filing individual tax returns.
- Joint filers must attach a Form 8962 to their tax return if they have foreign income or assets.
- If one spouse dies during the tax year, the surviving spouse can file a joint return for that year.
- Joint returns are generally more complex than individual returns, so it is important to seek professional assistance if you have any questions or concerns.
FAQs About the word joint return
a return filed by a husband and wife
No synonyms found.
No antonyms found.
Married couples can file a joint return to combine their incomes and expenses on a single tax form.
Filing a joint return can result in a lower tax liability compared to filing separate returns.
To file a joint return, both spouses must agree to be jointly and severally liable for the tax liability.
When filing a joint return, both spouses' incomes, deductions, and credits are combined to calculate the tax liability.
