Site Logo Retirement Dictionary Financial Advice Retirement Advice

Save time with our cheat sheets, fact sheets, checklists & books!

Get the cheatsheets!

March 6, 2009

My Tax Filing status is “Married Filing Separately”. Are there any exceptions that would allow me to use another tax-filing status so that I fall within a more favorable phase-our range?

Learn More

Print

My Tax Filing status is “Married Filing Separately”. Are there any exceptions that would allow me to use another tax-filing status so that I fall within a more favorable phase-our range?

Question My Tax Filing status is “Married Filing Separately”. Are there any exceptions that would allow me to use another tax-filing status so that I fall within a more favorable phase-our range?

Answer

Yes. If you did not live with your spouse at any time during the year, you are eligible to use the phase-out range and rules that apply to individuals who file as “single”.

More

Keep Learning

Excess deferral

Definition Salary deferral contributions, contributions are limited to the lesser of the IRC § 402(g) limit or 100% of compensation. Salary deferral contributions in excess

Compensation Cap

Definition The compensation cap is the maximum amount of compensation that may be taken into consideration when determining contributions  to employer sponsored retirement plans,  such

Catch-up Contribution

Definition An additional contribution that can be made to a retirement plan by a participant who is at least age-50 by the end of the

Favicon for Retirement Dictionary Financial Advice

 The Retirement Dictionary was created to provide IRAs and employer retirement plan information in an easy-to-understand manner for individuals at all levels of expertise and to help educate everyone about how retirement plans work.

Get Started

About

Categories

Be among the first to know when

IRA Rules
Change