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Everything You Need To Know About the Single Filing Status

Everything You Need To Know About the Single Filing Status

The state of singlehood also affects your tax filing from the IRS. There are many filing status like single, jointly, divorced, head of household, and a qualifying widow(er) with a kid. 

In 2016, over 71.4 million individuals out of the 150 taxpayers filed their taxes as single. You can use the tax status that benefits you if you're eligible. Generally, the single filing system is the least fair tax system. 

Understanding Single Filer

The filing status must be identified according to the IRS. You must choose between the five provided options. Each filing status has terms and conditions on tax rates and deductions. The system classifies singles as people not married or legally separated as a divorcee or those with separate maintenance decrees on or before December 31 and who are not eligible for another tax year. 

An individual living separately from his or her partner is considered unmarried for six months during the tax year by IRS standards. Single taxpayers are allowed to file a beneficial tax status if they qualify. 

Standard Tax Deductions

A tax deduction is a portion of income not subject to tax. However, every tax status has a deducting system based on age, filing status, and other factors. This approach reduces your income tax.

  • The tax levied on single taxpayers and a married couple who still file a separate tax system is $12,550, while the heads of a household have a tax-deductible of $18,800 and a married couple jointly filed $25,100 in 2021.

  • The standard tax deduction for 2022 is $12,950 for single and married, $19400 for households, and joint tax is $25,900.

  • People above 65 or legally blind can request additional tax deductions annually. A single and head of household status in 2021 can have an additional tax deduction of $1,700 for people above 65 or blind or $3,400 for old and blind taxpayers above 65. However, the amount hiked in 2022 to $1,750 and $3,500, respectively. You can use a standard or itemized way of filing tax deductions. But if the figure itemized is greater than the standard deduction, then it is best to itemize.


How Much Does a Single Filer Have to Make to File Taxes?

A single person below 65 years on the standard deduction is $12,550 in 2021, which increased to $12,950 in the 2022 tax year. Taxpayers whose income is below this margin are not subject to the federal income tax return. However, self-employed people that earn more than $400 or have health insurance will have to file tax returns. 

Who's eligible to use the single filing status?

Form 1040 for federal income tax is traditionally given to single tax filers. Here is the eligible status;

  • You're considered single if you're unmarried, separated, or divorced before December 31.

  • A Head of Household (HOH) does not qualify for these benefits. You're not qualified if you don't handle half of the cost of a household or have a dependent or qualified individual.

  • Your spouse has to die before January 1, and you remain single for the rest of the year with no dependent or qualified individual.

For the 2020 tax system,

  • You must be younger than 65 and earn an annual income of $12,400.

  • Above 65 and earn an income of $14,050 annually.

However, some conditions will require a change in filing status, such as;

  • Marriage – you can file a joint or married tax system.

  • Having a child or dependant – if you remain unmarried with a child or dependant, you can use the HOH status.

  • Death of a spouse – if you have a child or a dead spouse with two tax years, you can use a widow(er) if you're unmarried.


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Pat Raskob
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