Submitted By: Richard
Answered: June 10, 2014 8:30 am

Will filing separately as a married person impede my ability to take low-income housing credits?

Married persons who file separately are barred from claiming certain tax credits, such as the adoption credit or education credits. However, there is no such bar for the low-income housing credit.

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Tax Glossary

Gross receipts

Total business receipts reported on Schedule C or Schedule C-EZ before deducting adjustments for returns and allowances and cost of goods sold.

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