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Other financial discussions
You are confusing being the "breadwinner" (which is not a filing status) with "head of household." Being the only one in a marriage who is working does not make you head of household. You will want to file a joint return with your spouse when you prepare a tax return. You can file a joint return even if one spouse has little or no income. Then you get all of the child-related credits, etc. that you qualify for as a couple, and you get the married filing jointly standard deduction, which lowers the amount of income you are taxed on. For 2019 the MFJ standard deduction is $24,400 (+ $1300 for each spouse 65 or older) and for 2020 it will be $24,800 + $1300 for each spouse 65or older.)
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎August 8, 2020
10:36 AM