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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 ...
There are five tax filing statuses the IRS allows you to claim: Single, married filing jointly, married filing separately, head of household and qualifying widow(er). There are two main advantages ...
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]
Plus, for a head of household filer this income level falls into the 12% tax bracket, significantly below the bracket that applies to single filers with this income.
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An unmarried individual filing a tax return under single or head of household status can choose the deduction method that is most beneficial, but a married couple will be required to use the same deduction method in most cases (Title 26 U.S. Code §63(c)(6)(A)).
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Despite being nominated in the first week, Reilly was spared when the rest of the house decided fellow nominee Annie Whittington was a bigger threat. Reilly won two Head of Household competitions during her stay in the house, in the second and fourth weeks, resulting in the evictions of Monet Stunson and Kristen Bitting. Reilly was known for ...