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  2. Tax Filing: Head of Household Versus Single

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    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 ...

  3. Head of household - Wikipedia

    en.wikipedia.org/wiki/Head_of_Household

    The head of household filing status was created in 1951 to acknowledge the additional financial burdens faced by single people caring for dependents. [ 3 ] [ 1 ] Consequently, it provides single parents and other people caring for qualifying dependents with a larger standard deduction and preferential tax rates compared to single filers ...

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

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    Determine if filing as head of household or single is better for you as an unmarried person and discover the qualifications and advantages of filing in each category.

  5. Filing as Head of Household Has Huge Benefits — Can You Take ...

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    The head of household filing status alleviates the financial burden placed on single parents and others who are responsible for the financial support of an entire family. But many people don't know...

  6. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    In addition, federal and many state individual income tax rate schedules differ based on the individual's filing status. For example, the income level at which each rate starts generally is higher (i.e., tax is lower) for married couples filing a joint return or single individuals filing as head of household.

  7. Income tax in the United States - Wikipedia

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

    For 2021, the basic standard deduction was $12,550 for single individuals or married persons filing separately, $25,100 for a joint return or surviving spouse, and $18,800 for a head of household. Itemized deductions: Those who choose to claim actual itemized deductions may deduct the following, subject to many conditions and limitations:

  8. Standard deduction - Wikipedia

    en.wikipedia.org/wiki/Standard_deduction

    Filing status Year Single Married filing separately Married filing jointly Qualifying surviving spouse Head of household 2024 [6]: $14,600 $29,200 $21,900

  9. States that tax Social Security benefits — including changes ...

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    $82,190 for single or head of household taxpayers. ... Rhode Island hasn’t yet published its 2024 requirements, so be sure to confirm income thresholds for the 2024 tax year before you file ...

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