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 ?
More than 35 percent of the female heads of household are over age 59; only 23 percent of males fall into this age category.
Miners' intensely masculinized forms of self-assertion also produced an unruly and rebellious work culture that conflicted with the company's efforts to transform them into reliable heads of households and make them responsible husbands and fathers.
The percentage of heads of households who borrowed money in Abu Dhabi during the second quarter of the year amounted to about 56 per cent - a decline in borrowing compared to previous surveys.
On the other hand, the male heads of households have comparatively more economic opportunities and social capital.
Those who fared best are singles who make $125,000 and more because 30 percent less of their incomes go to taxes, and heads of households who earn $150,000 and more because they pay 29 percent less.
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.
As noted, a Social Security recipient must include a portion of his or her benefits in income if he or she exceeds one of three thresholds, based on the individual's status: married taxpayers filing separately who do not live apart for the entire year; single taxpayers, heads of households and married taxpayers filing separately who do live apart from their spouses; and married taxpayers filing jointly.
Among the 680 working women was included the sub-sample of 100 female heads of households.
These grants will make medical services more accessible to target populations such as the working poor, children, the elderly, Native Americans, migrant and seasonal farm workers, individuals with chronic diseases, the homeless and single heads of households," said BlueCross CEO and Chairman of the Foundation Board of Directors M.
He points out that the peasants' early marriage suited the interests of serf owners, heads of households, and families who faced the reality of high childhood mortality rates.

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