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  2. 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.

  3. Tax Filing: Head of Household Versus Single

    www.aol.com/tax-filing-head-household-versus...

    For example, in tax year 2024 the head of household 12% tax bracket is $63,100 (which is up from $59,850 in 2023) of taxable income compared with just $47,150 for single filers (which is up from ...

  4. Guide To Filing Taxes as Head of Household vs. Single

    www.aol.com/finance/guide-filing-taxes-head...

    Filing as single means you are unmarried, divorced or legally separated. Filing as head of household means you are unmarried and have at least one qualifying dependent. If you qualify to file as ...

  5. Guide to Filing Taxes as Head of Household

    www.aol.com/finance/guide-filing-taxes-head...

    The Head of Household Filing Status typically allows for a more generous tax situation to unmarried taxpayers who maintain a home for a qualifying person, such as a child or family relative.

  6. Filing status - Wikipedia

    en.wikipedia.org/wiki/Filing_status

    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 person filing separately, head of household, and qualifying widow (er) with dependent children. [1] A taxpayer who qualifies for more than one ...

  7. Earned income tax credit - Wikipedia

    en.wikipedia.org/wiki/Earned_income_tax_credit

    The United States federal earned income tax credit or earned income credit ( EITC or EIC) is a refundable tax credit for low- to moderate-income working individuals and couples, particularly those with children. The amount of EITC benefit depends on a recipient's income and number of children. Low-income adults with no children are eligible. [1]

  8. What Does Head of Household Mean? - AOL.com

    www.aol.com/does-head-household-mean-150035512.html

    Head of household is a filing status the IRS uses to determine what tax bracket, tax credits and responsibilities apply to you during the course of a tax year. To qualify as head of household, you ...

  9. Income tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_the_United...

    As of 2010, 68.8% of federal individual tax receipts, including payroll taxes, were paid by the top 20% of taxpayers by income group, which earned 50% of all household income. The top 1%, which took home 19.3%, paid 24.2% whereas the bottom 20% paid 0.4% due to deductions and the earned income tax credit.

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