Learn about the Head of Household filing status and how it can impact your taxes. Find out the requirements and benefits for taxpayers who maintain a home for a qualifying person like a child or relative.
Pay for more than half of the expenses for a qualifying household Be considered unmarried on the last day of the tax year Have a qualifying child or dependent This tax filing status includes single parents. It also includes divorced or legally separated parents with custody of a child. You ca...
One common scenario involves divorced parents. Let’s take Carlos and Kiki, a divorced couple with a seven-year-old daughter Clara, for example. Carlos has primary custody and is the custodial parent of Clara and claims the Head of Household status. Carlos releases Clara’s exemption to Kiki...