ABSTRACT
Business taxation has its own nuances but also bleeds into personal taxation, especially as far as indie developers are concerned. While the depth of information about filing statuses and dependents could rival The Last of Us, you will have a basic overview in this chapter. Regardless of how you generate income as a game maker, many people frequently claim the wrong filing status, and it can have a massive impact on your tax bill and recordkeeping. Often the least beneficial filing status, you must use it if you are still legally married but separated, or if you and your spouse voluntarily keep your finances separate. Certain benefits become completely unavailable, such as the Earned Income Tax Credit. Many single parents and caregivers accidentally file as single and end up missing out on the benefits of filing as a head of household.
