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  2. Now That You’re Divorced, Who Claims Your Child on Taxes? - AOL

    www.aol.com/finance/now-divorced-claims-child...

    Dependent Deductions Comparison. Filing Status. Standard Deduction as of 2020. Previous Standard Deduction for 2017 and Before. Single. $12,400. $6,350. Head of Household

  3. I'm Divorced. Can Both My Ex and I Claim Head of Household ...

    www.aol.com/im-divorced-both-ex-claim-140023516.html

    Head of household is a tax filing status that’s designed for parents or adults who have a qualifying dependent and meet other guidelines. To claim head of household on your taxes, you must: Be ...

  4. 7 Overlooked Tax Breaks After Divorce That Could Save ... - AOL

    www.aol.com/finance/7-overlooked-tax-breaks...

    You could be eligible for some tax breaks once your divorce is finalized. Keep reading to learn about what they are and how they may apply to your situation. 7 Overlooked Tax Breaks After Divorce ...

  5. Head of Household - Wikipedia

    en.wikipedia.org/wiki/Head_of_Household

    Head of Household. Head of Household is a filing status for individual United States taxpayers. It provides preferential tax rates and a larger standard deduction for single people caring for qualifying dependents. To use the Head of Household filing status, a taxpayer must: Be unmarried or considered unmarried at the end of the year.

  6. Marital deduction - Wikipedia

    en.wikipedia.org/wiki/Marital_deduction

    Marital deduction, often referred to as gift to spouse, is a type of deduction that allows a person to give his or her spouse a gift with reduced or no tax imposed upon the transfer, for transfers given in a calendar year. [18] Some marital deduction laws even apply to transfers made postmortem. The right to receive property conveys ownership ...

  7. Child tax credit (United States) - Wikipedia

    en.wikipedia.org/wiki/Child_tax_credit_(United...

    The United States federal child tax credit (CTC) is a partially-refundable [ a ] tax credit for parents with dependent children. It provided $2,000 in tax relief per qualifying child, with up to $1,400 of that refundable (subject to a refundability threshold, phase-in and phase-out [ b ]). In 2021, following the passage of the American Rescue ...

  8. Filing status - Wikipedia

    en.wikipedia.org/wiki/Filing_status

    Taxation in the United States. Under United States federal income tax law, filing status is an important factor in computing taxable income. [1] Filing status depends in part on marital status and family situation. [2] There are five possible filing status categories: single individual, married person filing jointly or surviving spouse, married ...

  9. 7 Dependent Tax Deductions You May Not Know About - AOL

    www.aol.com/finance/7-dependent-tax-deductions...

    The American Rescue Plan boosted 2021 tax returns for millions of working families. However, the 2022 tax year will be a return to the norm, and dependent tax deduction rules are no exception. A ...

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