What HUSBAND AND WIFE means: A status that, among other things, entitles a couple to file a joint income tax return. For the purpose of joint returns, common-law marriages are recognized only if the state in which the two persons reside recognizes such marriages or if the state in which the marriage began recognizes common-law marriages. The status as husband and wife on the last day of the tax year governs the right to file a joint return.
- Definition Hobby Loss:
- Dictionary A nondeductible loss arising from a personal hobby as contrasted with a loss arising from an activity engaged in for profit husband and wife definition.
- Definition Holding Period:
- Dictionary The period of time property has been owned for income tax purposes. The holding period determines if gain or loss from the sale or exchange of a capital asset is long or short term husband and wife explain.
- Definition Head Of Household:
- Dictionary used by an unmarried taxpayer (or taxapyer who is considered unmarried) who pays over half the cost of maintaining his home that is the principal residence for over half the tax year of his husband and wife what is.
- Definition Hope Scholarship Credit:
- Dictionary credit of up to $1,500 per qualified student for tuition and fees paid for the first two years of post-secondary education. Students attending school in the Gulf Opportunity Zone may qualify for a husband and wife meaning.
How works Husband and Wife meaning in Tax definitions H .
