Broker Check

Tax Tip Tuesday: Tip #48, Tax Filing Status Affects Deductions

October 13, 2020

local accounting firms near me - Amanda Fricton Certified Public Accountant Bio IMGYour tax filing status affects your standard deduction amounts and the amount of tax you should pay. Understanding your status and any possible changes that may occur through out your life can help you save money on your tax return. For example, if you are single and have a dependent, you may be eligible to file as Head of Household, potentially saving you thousands of dollars in taxes.

If you have any questions, please contact Christina page at (770) 287-7800 or Stay tuned for more tax tips or follow them on our social media accounts every #TaxTipTuesday!