Tag Archives: head of household

Figuring out the Filing Status

When your taxes are filed, you need to know what filing status you should use. There are differences between the five different options, and you will choose the one that best benefits you. Make tax time easier and faster by filing correctly. The Big Five The five different status are: single, married, separate married, householder […]

Filing Status

The status of your tax filing is one of the most important decisions you make at the time of taxation. In addition to the tax rates and the different amounts you can deduct, your filing status determines the benefits for which you are eligible. Your registration status depends on your marital status as of 31 […]

After getting divorced, you may notice a change in your taxes, along with everything else you are altering in your life. Tax time may mean a new filing status, as well as different eligibility for certain tax credits. If you have always filed using the Head of Household tax status, you may not be eligible […]

Filing Head of Household

At the end of the tax year, if you are single and unmarried, you may be eligible to file your tax return using the Head of Household status. You have to be responsible for maintaining a residence for a child, parent or other eligible relative, and you have to be a citizen or resident of […]

The Fabulous Five

Your marital status, as well as number of dependents are two of the biggest factors to determining which of the five filing statuses you should use to file your tax return. They are, in no particular order: Single Married, filing jointly Married, filing separately Head of household Qualifying widow(er) Married couples can choose whether they […]

Couples who file their tax return together, aka married filing jointly status, commonly get the best rate of taxation, along with taxpayers who qualify to file using the qualifying widow(er) status, as they get similar rates as married taxpayers. Using the status married, filing separately have the highest rates of taxation, generally, though using the […]

Raising children on your own isn’t easy. Single parents can use any help they can get, which is why, at tax time, there are certain tips that can come as a welcome relief. When filing your tax return as a single parent, consider the following eight points: Head of Household Status – if your children […]

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 […]

Choosing the correct filing status can not only affect your tax liability but also any credit you may be entitled to at tax time. Some filing status may also determine if you even have to file taxes for the year. According to the IRS, anyone that married before December 31st of the tax year is […]

Figuring out the Five Statuses

When the time comes to file your taxes, you’ll need to know which filing status you should use. There are differences between the five different options, and you’ll want to choose the one that gives you the greatest benefit. Make tax time easier and quicker by filing with the right status. The Big Five The […]