PARSIPPANY, N.J., March 14, 2011 // PRNewswire // -- Couples who said their "I do's" in 2010 may still be reminiscing about their honeymoon or writing thank you notes. But with the 2011 tax season underway, Jackson Hewitt Tax Service® offers the new "Mr. & Mrs." some essential tips about their new tax filing status.
"Newlyweds and all married taxpayers have the choice of filing jointly or separately, and this filing status can change each year based on their circumstances," said Mark Steber, chief tax officer, Jackson Hewitt Tax Service Inc. "Generally speaking, using the 'married filing jointly' status will offer the lowest tax liability and the highest standard deduction, but it's important to understand the differences and to make an informed decision when filing."
Steber advises couples filing a joint return for the first time to keep the following in mind:
Based in Parsippany, N.J., Jackson Hewitt Tax Service Inc. (NYSE: JTX) is an industry leading provider of full service individual federal and state income tax preparation, with franchised and company-owned office locations throughout the United States. Jackson Hewitt Tax Service® also offers an online tax preparation product at www.jacksonhewittonline.com. For more information, or to locate the Jackson Hewitt® office nearest to you, visit www.jacksonhewitt.com or call 1-800-234-1040. Jackson Hewitt can also be found on Facebook and Twitter.
SOURCE Jackson Hewitt Tax Service Inc.