Join Chris Picciurro, CPA, and John Tripolsky as they discuss how your relationship status affects your tax situation. Learn about the five filing statuses and how each impacts your tax liability, deductions, and credits.

KEY TAKEAWAYS:
• December 31st Rule: Your year-end status determines your filing status
• Five Filing Statuses Explained: Single, Married Filing Jointly, Married Filing Separately, Head of Household, Qualifying Surviving Spouse
• Marriage & Taxes: Joint vs. Separate Filing Implications
• Head of Household Benefits & Qualifications
• Special Considerations for Divorce & Alimony

EPISODE BREAKDOWN:
- Understanding Filing Status Options
- Tax Bracket Differences by Status
- When to Choose Married Filing Separately
- Head of Household Requirements
- Post-Divorce Tax Considerations

SPONSORED BY:
Integrated Investment Group (IIG)
Visit www.teachingtaxflow.com/iig to learn if you qualify as an accredited investor

• (00:00) - Impact of Filing Status on Tax Returns
• (03:28) - Understanding Tax Implications of Different Marital Statuses
• (08:31) - Tax Filing Statuses: Joint vs. Separate for Married Couples
• (15:02) - Understanding Head of Household and Qualifying Surviving Spouse Statuses
• (20:35) - Tax Strategies for Married Couples and Withholding Adjustments
• (21:51) - Cupid's Boomerang and Stage Banter
• (22:42) - Tax Implications of Divorce and Alimony Under New Laws
• (23:47) - Love, Taxes, and Life's Different Filing Statuses
• (25:12) - Tax Advice and Caution for Financial Decisions