Head of Household

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Head of Household

A taxpayer who pays more than half of the expenses of a household and is therefore taking care of a dependent. Heads of household are usually entitled to preferential tax treatment. A head of household must be unmarried unless his/her spouse files an individual tax return and has not lived with the head of household for more than six of the last 12 months.

Head of household.

Head of household is an IRS filing status that you can use if you are unmarried or considered unmarried on the last day of a tax year and provide at least half the cost of maintaining a home for one or more qualifying dependents.

That may be your child, grandchild, or other relative who lives in that home for more than half the year, or a parent whether or not he or she lives in your home.

The advantage of filing as head of household is that you can take a higher standard deduction than if you filed as a single taxpayer and you owe less federal income tax than you would as a single, assuming all other details were the same.

Filing as head of household also means you qualify for certain deductions and credits that would not be available to you if you used the married filing separate returns status.

Head of Household

The filing status used by an unmarried taxpayer (or taxapyer who is considered unmarried) who pays over half the cost of maintaining his home that is the principal residence for over half the tax year of his qualifying child (whether or not the child is claimed as a dependent) or a qualifying relative who is claimed as a dependent. A dependent parent who does not live with the taxpayer may also qualify the taxpayer for the head of household status if qualifications are met.
References in periodicals archive ?
increasing the exemption amounts for 2012 to $50,600 for single filers and heads of households and $78,750 for joint filers.
Almost 48 percent of Non-Estonian heads of household had greater than a secondary school education.
The policing of domestic violence represented a new front in the larger campaign to regulate and administer working-class men's and women's domestic lives and to shape men into "responsible" heads of households and women into model housewives.
Also, almost 40 per cent of the heads of households had bought new mobile phones during the three months prior to the survey.
Today Japanese housewives and heads of households are in the hunt for ever higher yields.
Free Black Heads of Households in the New York State Federal Census, 1790-1830.
On the other hand, the male heads of households have comparatively more economic opportunities and social capital.
The law applies a 36% rate to taxable income exceeding $140,000 for married couples filing jointly, $115,000 for singles, $127,500 for heads of households and $70,000 for married individuals filing separately.
And a lot of people who work at the minimum wage are not heads of households.
This also suggests that retailers may be better off targeting customers within a few-mile radius of their store locations rather than broadcasting a wider marketing net," said Rittenhouse, adding, "Households with incomes under $49,000 and heads of households under 44 -- largely those groups whom you would expect to be undergoing life changes such as marriage, children, rising income, or possibly a new home -- were the most likely to report spending more this season.
Ira taxpayer's adjusted gross income for 1995 falls below $35,000 for single filers and heads of households or below $50,000 for joint filers, he or she is entitled to deduct at least part of the IRA contribution.
Among the 680 working women was included the sub-sample of 100 female heads of households.

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