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

Section 457 plan

Deferred compensation plan set up by a state or local government, or tax-exempt organization, which allows tax-free deferrals of salary.

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