Head Of Household

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Dictionary Says

Definition of 'Head Of Household'

A status held by the person in a household who is running the household and looking after a qualified dependent. In order to qualify as head of household, the designated household must be located at the person's home and the person must pay more than 50% of the costs involved in running the household. The benefit of having the head-of-household status is that it can result in lower tax rates in certain jurisdictions.
Investopedia Says

Investopedia explains 'Head Of Household'

Typically, the head of a household must also be unmarried. However, in certain situations, a married person can be the head of household. In addition to the requirements listed above, the married person must also file an individual tax return and the spouse of the married person must not have lived with the person for the last six months of the calender year.
Search results for

'Head Of Household'

  • New Baby, New Tax Break - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0110/New-Baby-New-Tax-Break.aspx
    ... For single and head of household filers, the credit begins phasing out above $75,000,
    and for joint returns, the phase out begins at $110,000. ...

  • Roth IRAs: Eligibility Requirements | Investopedia

    http://www.investopedia.com/university/retirementplans/rothira/rothira1.asp
    ... $10,000. Single, head of household or married filing separately without
    living with spouse at any time during the year. At least ...

  • Who qualifies as "single" for tax or retirement purposes when ...

    http://www.investopedia.com/ask/answers/187.asp
    ... lived apart from their spouses for the last six months of the year and are eligible
    to claim someone as a dependent may use the head of household filing status ...

  • Want A Bigger Tax Refund? Don't Itemize - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0310/Want-A-Bigger-Tax-Refund-Dont-Itemize.aspx
    ... couple filing jointly. A head of household (a single parent with kids, for
    example) gets a standard deduction of $8,350. There are ...

  • Taxing Times For Divorced Parents

    http://www.investopedia.com/articles/pf/08/dependent-tax-credits.asp
    ... financial pain involved in this process can be alleviated through tax credits and
    deductions available for those who are eligible to file as head of household. ...

  • 10 Money-Saving Year-End Tax Tips

    http://www.investopedia.com/articles/pf/06/YearEndTax.asp
    ... Schedule Z - Head of Household. ... Married filing jointly or surviving spouse: $74,450;
    Head of household: $48,450; Married filing separately: $37,225; ...

  • What are the income limits for Roth IRA contributions?

    http://www.investopedia.com/ask/answers/176.asp
    ... Individuals who file as single, head of household or married filing separately and
    did not live with their spouse at any time during the year, $114,000, $116,000 ...

  • Why You Should Itemize Your Tax Deductions

    http://www.investopedia.com/articles/tax/10/itemized-deductions.asp
    ... No matter what deductions you are able to claim, everyone has the option of claiming
    a standard deduction based on their marital or head of household status. ...

  • We are in a 401(k) at work. Can we also do a Roth each year? If we ...

    http://www.investopedia.com/ask/answers/170.asp
    ... married, lived with your spouse at any time during the year and file a separate
    tax return, OR -$110,000 if you file as single, head of household or married ...

  • How To Claim A Dependent On Your Tax Return

    http://www.investopedia.com/articles/tax/09/claim-a-dependent.asp
    ... liability. Dependents can also be used to gain tax benefits like the child and
    dependent care credit and head of household filing status. ...

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