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The IRS provides five options: Single, married filing jointly, married filing separately, head of household and qualifying widow or widower with dependent child.
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.
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 ...
Filing as a head of household can have substantial financial benefits over filing as a single status taxpayer. As a head of household, one may obtain a more generous tax brackets and larger standard deductions. [14] There are many special rules and exceptions applicable to head of household filing status. [15]
Filing as head of household: $48,750 for tax year 2020. ... $1,650 for single or head of household filing status. $1,300 for married taxpayers and qualifying widows and widowers.
Filing status Year Single Married filing separately Married filing jointly Qualifying surviving spouse Head of household 2024 [6]: $14,600 $29,200 $21,900
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