Surviving Spouse

[sər-VAHY-ving spous]

What is the definition of Surviving Spouse?
A person whose spouse has died within the tax year and who may file a joint tax return for that year. Additionally, the surviving spouse can file joint returns for the next two years if they remain unmarried and maintain a household as the principal residence for a dependent child.
Using Surviving Spouse in an Example

A surviving spouse whose partner died in the current tax year can file a joint tax return for this year. If they remain unmarried and keep a household for a dependent child, they can also file jointly for the next two tax years.

Using Surviving Spouse in a sentence

After her husband passed away, Jane, as a surviving spouse, filed a joint tax return for the year of his death and planned to do so for the next two years while caring for their dependent child.

Related Terms

Surplus

An excess amount of an asset or resource compared to what is needed, often used in financial contexts to describe the amount by which revenue exceeds expenses.

Swap

A financial contract in which two parties agree to exchange streams of payments over a specified period, based on different indices such as interest rates, foreign exchange rates, or equity indices, applied to a notional amount. Swaps typically do not involve the exchange of principal.

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