Income For Spouse
Description
How to fill out Complex Will - Income Trust For Spouse?
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FAQ
This tax filing status is often the best choice when one spouse earns significantly more money than the other. Married filing jointly allows a couple to use only one tax return. Both spouses are equally responsible for the return and any taxes and penalties owed.
You can't claim spouses as dependents whether he or she maintains residency with you or not. However, you can claim an exemption for your spouse in certain circumstances: If you and your spouse are married filing jointly, you can claim one exemption for your spouse and one exemption for yourself.
Under no circumstance can a spouse be claimed as a dependent, even if they have no income.
The Department of Education is trying to understand your whole financial picture ? whether that means your parents, your spouse or just you ? then offer you no more or less than what you need for college. Marital status is just one part of that overall picture, and it can impact how you pay for college.
If you file jointly, you both must include all your income, deductions, and credits on that return. You can file a joint return even if one of you had no income or deductions.