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Married couples might have good reason not to file a joint tax return. PeopleImages.com – Yuri A / Shutterstock.com
The filing status that you select for your federal tax return affects more than just the “Filing status” section of your return. It can affect everything from your standard deduction to your eligibility for certain tax credits. In short, it can affect your tax bill itself. Married couples can choose between two different filing statuses: married filing jointly and married filing separately, or MFS.
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