Henry is married to Lillian, and they have two dependent children. Both of them want to file their own tax returns, reporting only his or her own income, deductions, and exemptions. The filing status of Henry and Lillian is:

Question

Quizplus · Accepted Answer

Henry and Lillian cannot file as single taxpayers or head of household as they are married. They also cannot file as qualifying widow or widower as both spouses are alive. The only option left is to file separately as married individuals. However, they should consider the potential tax implications and possible loss of certain tax benefits such as the earned income credit and education credits if they choose to file separately.

Henry Is Married to Lillian, and They Have Two Dependent