Intuit Academy Tax Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

Married Filing Jointly is an acceptable filing status for Taxpayer A and Taxpayer B who married on December 31, 2021, because the IRS considers them to be married for the entire year for tax purposes, even though they were married for only one day of that year. This allows them to combine their incomes, deductions, and credits, which often results in a lower overall tax liability than other filing statuses.

Choosing this status can also enable Taxpayer A and Taxpayer B to qualify for various tax benefits and credits that are not available to those filing separately or as single taxpayers. For example, they may be eligible for a higher standard deduction, tax credits for dependents, and various deductions that phase out at higher income levels for those who file separately or as single.

In contrast, the other choices such as Single and Head of Household do not apply because these statuses are only for unmarried individuals or those who meet specific criteria that does not relate to their marital status. Married Filing Separately could be a choice for some couples, but it often results in a higher tax bill and fewer benefits compared to filing jointly. Thus, Married Filing Jointly is indeed the most advantageous and acceptable filing status for them in this situation.