Question: A client asks you what difference the filing status makes.What might be included in your answer? Check all that apply. In the case of MFS,

A client asks you what difference the filing status makes.What might be included in your answer?

Check all that apply.

In the case of MFS, it can greatly limit certain credits and deductions you can take.

It determines which tax rate schedule you use.

It determines what your standard deduction is.

It determines the amount of a personal exemption

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