Should I File as Head of Household for My Tax Filing Status?
Head of Household is one of the most misunderstood tax filing statuses. But it is important to know about this filing status, because it comes with some great tax benefits for those who qualify.
For example, this is a great filing status for single parents!
What Is the IRS Definition of Head of Household?
Head of Household is a filing status for single or unmarried taxpayers who keep up a home for a Qualifying Person. The Head of Household filing status has some important tax advantages over the Single filing status. If you qualify as Head of Household, you will have a lower tax rate and a higher standard deduction than a Single filer.
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