Search results
Results from the WOW.Com Content Network
How the IRS handles instances of two divorced parents claiming head of household status depends on the details. Specifically, it depends on which child each parent is claiming on their taxes.
When filing taxes after divorce, you may also be eligible to file taxes using the head of household status. As mentioned above, this will affect your income tax brackets when filing taxes after ...
A divorced or single parent filing as head of household qualifies for a tax rate lower than if you claim a filing status of single or married filing separately.As head of household, you might be ...
Certain married individuals, not legally separated or divorced, may still be considered single for purposes of filing tax returns if they are living apart. [8] A married couple is not required to file jointly. If one lived apart from one's spouse for the last six months of the year, one may also qualify for head of household status. [9]
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 ...
The exemption rules are different this year.
The head of household status can lead to a lower taxable income and greater potential refund, but to qualify, you must meet certain criteria. Guide to filing taxes as head of household Skip to ...
For premium support please call: 800-290-4726 more ways to reach us