Head of Household

Also found in: Dictionary, Thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

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.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
References in periodicals archive ?
The more the age of the head of household, the less likely for the child to combine school with work and the more likely for the child to work.
Head of household: Junior high or less Taxi drivers, street vendors, day laborers, tradesmen May rent or own house or apartment, but unlikely to have heated water, many appliances, or other conveniences
The average taxpayer with four dependents that itemizes and files as head of household will be subject to the AMT system in 1999.
A database on head of household information was compiled from the more general database, and the head of household data, in conjunction with household characteristics, are used to analyze household income.
Fifty-seven percent of the families had both male and female adult heads of household, an additional forty percent of the families had only a female head of household.
Among youths, the prevalence of obesity decreased with increasing level of education of the head of household: 21.6% (high school graduate or less), 18.3% (some college), and 9.6% (college graduate).
The offer is open to any Afghan head of household who has been granted refugee status in the UK, and will allow prospective returnees to investigate opportunities for housing and employment.
Thus, a single taxpayer who pays more than half of the cost of a dependent parent's nursing home may qualify as a head of household.
Thus, the occupation and income level of the female head of household determines the level of living of the household.
After the live Head of Household (HOH) competition took place, Josh Martinez was named as (http://bigbrothernetwork.com/big-brother-19-who-was-voted-out-2017-08-03/) this week's HOH.
F or example she compares being a head of household as recognized in 1900, vs.
A spouse may be able to file either as a single person or as the beneficial head of household. Various tests imposed by the tax law must be met.

Full browser ?