There are some benefits to filing Head of Household if you qualify for the filing status. Usually by filing Head of Household filing status you have the advantage of having a lower tax rate and higher standard deduction they filers who use either the single or married filing separately status’.
You have five different filing status you can choose from when preparing you taxes. There are a few factors that can help you determine what the best filing status is for you. The tax bracket you fall in the amount of the standard deduction and specific credit you may qualify for all depends on the filing status you choose come tax time.
The five different tax status are as follows: Single, Married Filing Jointly, Married Filing Separately, Head of Household and Qualifying Widow(er). If you decide to file as Head of Household you must meet the following requirements. On the last day of the tax year you must be considered unmarried and have paid for more than the expenses of maintaining a home for yourself and another person for more than six month throughout the year.
