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Head of Household is a tax filing status for single people caring for qualifying dependents in the United States. It provides preferential tax rates and a larger standard deduction, but has eligibility criteria based on marital status, home costs, and relationship to dependents.
If you qualify to file as head of household, you will have a higher standard deduction than if you file as single. As a result, you will keep more of your income.
The choice between single and head of household tax filing status can have a sizable impact on the taxes you owe or the refund you receive. Yet many don’t realize they may qualify for the more ...
In order to qualify for head of household, you must be unmarried, legally separated, or divorced, cover more than half of the household's expenses, and have a qualified dependent in the home. A ...
Filing as a head of household can have substantial financial benefits over filing as a single status taxpayer. As a head of household, one may obtain a more generous tax brackets and larger standard deductions. [14] There are many special rules and exceptions applicable to head of household filing status. [15]
Learn about the federal tax credit for low- to moderate-income working individuals and couples in the US, its history, eligibility, and benefits. Find out how the EITC phases in, phases out, and interacts with other programs and factors.
The head of household status can lead to a lower taxable income and greater potential refund, but to qualify, you must meet certain criteria.
Learn about the standard deduction, a tax benefit for non-itemizers in the US, based on filing status and age. Find out the amounts, conditions, and examples of the standard deduction for different years.