filing status

filing status definition - business

filing status

The category in which an individual files an income tax return. The five categories of filing status are: single, married filing jointly, married filing separately, head of household, and qualifying widow(er) with dependent child. A taxpayer's filing status determines the rates at which income is taxed.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.