Video: Filing Status Overview

In this lesson, harness the insights of Nick Palazzolo, CPA, as he delves into the intricacies of filing status for individual income tax returns. Discover the different options available — from filing single to married filing jointly or separately — and understand how each choice can impact the tax return, including eligibility for various credits and implications for dependents. With a clear focus on practical implications, Nick ensures a comprehensive grasp of the crucial role filing status plays, including the nuances of dealing with qualifying children and relatives. This foundational knowledge sets the stage for a deeper exploration of individual taxation.