Qualified widow or widower

Qualified widow or widower,

Definition of Qualified widow or widower:

  1. A qualified widow or widower is a tax filing status that allows a surviving spouse to use the married filing jointly tax rates on an individual return for up to two years following the death of the spouse. This allows the surviving spouse to receive the highest standard deduction for their taxes, providing he or she does not itemize their taxes.

  2. The qualified widow or widower status is provided as a measure of financial relief for those who have lost their spouse and may be struggling with medical or funeral bills. After two years, surviving spouses who have not remarried must file as either single or head of household. A tax filing status as a qualified widow or widower allows the surviving spouse to file taxes as if they were still married, despite the fact that their partner is deceased. Because this is an unusual filing status, it does carry some specific rules and regulations about who can use it. For example, in order to achieve tax filing status as a qualified widow or widower, the surviving spouse must also have a dependent child, either a child or stepchild, but not a foster child, that they claim on their taxes. This is so crucial to the tax filing status that there is often an addendum to the title of Qualified Widow or Widower that stipulates he or she must have a dependent child. The law also dictates that the dependent child must have lived in the home with you, aside from temporary absences, like vacations or visiting relatives. There are exceptions, however, for things like birth, deaths, and even kidnapping.

  3. Widow or widower who may use the married filing jointly rates on income tax returns. A widow or widower may use these lower rates for up to two years after the death of a spouse.

Meaning of Qualified widow or widower & Qualified widow or widower Definition