Which Tax Filing Status Should I Use?

In this video, we’ll cover how you can decide which filing status might be best for you. When filing your taxes, an innocent mistake some people make is choosing the wrong filing status. However, this could cause you to pay more taxes than you need to along with taking advantage of fewer tax deductions and credits than you qualify for.

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TIMESTAMPS
00:00 Intro
01:22 Single filing
02:50 Head of household
06:08 Qualifying widow or widower with dependent child
07:08 Married filing jointly
10:20 Married filing separately

DISCLOSURE
This communication is for informational purposes only and should not be construed as investment advice. Opinions expressed by Tony are his own and do not necessarily reflect the opinions of Wealthfront. Wealthfront doesn't provide tax advice and investors are encouraged to consult with their personal tax advisors to discuss taxrelated matters specific to their situation. Investing involves risk, including possible monetary loss, and past performance doesn't guarantee future performance. Wealthfront Advisers LLC, an SECregistered investment adviser, Wealthfront Brokerage LLC, member FINRA/SIPC.

SOURCES
https://www.nerdwallet.com/article/ta...
https://www.bankrate.com/finance/taxe...
https://www.irs.gov/newsroom/taxpayer...
https://www.nerdwallet.com/article/in...
https://turbotax.intuit.com/taxtips/...
https://www.thebalance.com/qualifying...