{"id":10608,"date":"2025-02-22T19:51:15","date_gmt":"2025-02-22T19:51:15","guid":{"rendered":"https:\/\/finderica.com\/?p=10608"},"modified":"2025-02-22T19:51:15","modified_gmt":"2025-02-22T19:51:15","slug":"what-does-head-of-household-mean","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=10608","title":{"rendered":"What Does Head of Household Mean?"},"content":{"rendered":"\n<div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"lazyload clicker_number\" style=\"position: absolute; height: 1px; width: 100%\" alt=\"ScoreCard Research\" data-count=\"104.245.38.58,104.245.38.58, 108.162.245.156\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\"><\/p>\n<p>Being an adult is great. You get to be king or queen of your own castle \u2014 or head of the household, if you will.<\/p>\n<p>It\u2019s all fun and games until tax time rolls around, and then \u201chead of the household\u201d takes on an entirely different meaning.<\/p>\n<p>Filing your taxes as head of household can seem vaguely intimidating, but it\u2019s really nothing more than a designation by the IRS that may lower your tax bill and put more money in your pocket.<\/p>\n<p><strong>More From The SS: <\/strong>Ditch Overpriced Car Insurance Now \u2014 Save $500 Today<\/p>\n<h2 class=\"wp-block-heading\">Definition of Head of Household<\/h2>\n<p>Head of household is a filing status the IRS uses to determine what tax bracket, tax credits and responsibilities apply to you during the course of a tax year.<\/p>\n<p>To qualify as head of household, you\u2019ll need to meet certain criteria.<\/p>\n<div class=\"thepe-top-of-post\" id=\"thepe-998714736\">\n<div class=\"adBorder\" id=\"thepe-1489279475\">\n<h3>50 Effortless Methods to Boost Your Income This Week<\/h3>\n<p>If you needed extra money, like, yesterday, you\u2019ve come to the right spot.<\/p>\n<p>Our team has compiled a <a href=\"https:\/\/partners.thepennyhoarder.com\/50-ways-sdyn-prt\/?aff_id=384\" target=\"_blank\" rel=\"noopener\">list of creative ways<\/a> you can fatten your bank account this week.<\/p>\n<p>This is a long list, so don\u2019t get overwhelmed. Go ahead and start now, but be sure to bookmark this post so you can easily return later. We\u2019ll keep it updated as offers changes or expire.<\/p>\n<p><a href=\"https:\/\/partners.thepennyhoarder.com\/50-ways-sdyn-prt\/?aff_id=384\" target=\"_blank\" rel=\"noopener\">Check it out!<\/a><\/p>\n<\/div>\n<\/div>\n<h3 class=\"wp-block-heading\"><strong>1. You\u2019re Not Married on the Last Day of the Year<\/strong><\/h3>\n<p>Interestingly, you can be married the first 364 days of the year, but if you\u2019re not legally married on Dec. 31, the IRS considers you unmarried for the entire year.<\/p>\n<p>Don\u2019t get any ideas about divorcing your spouse for a few days around the end of December just to file as head of household. If you turn around and get remarried any time during the following year, you\u2019ll face tax consequences from the IRS.<\/p>\n<p>The IRS also considers you unmarried for tax purposes if your home state has declared you legally separated from your spouse. Simply moving out of your shared home isn\u2019t enough; you need to get in front of a judge to be granted a legal separation.<\/p>\n<p>A court-decreed annulment also qualifies you as unmarried for tax purposes. You\u2019ll need to fill out some extra paperwork, though, so be sure to check with the IRS or a professional tax preparer to find out exactly what you need to do.<\/p>\n<h3 class=\"wp-block-heading\"><b>2. You Paid More Than Half the Expenses for Keeping Up the Home During the Year<\/b><\/h3>\n<p>That means you must have paid more than half of all household bills, including rent or mortgage, groceries, utilities and insurance.<\/p>\n<p>It\u2019s OK if someone gave you money for something like child support during the year to help you cover the bills as long as you paid more than 50% of them with your own savings or money you earned.<\/p>\n<h3 class=\"wp-block-heading\"><b>3. You Must Have a Dependent Living in the Home With You for at Least Half the Year\u00a0<\/b><\/h3>\n<p>Qualifying dependents include biological, step-, foster and adopted children, and your siblings. They must be under 19 if they are not a student, or under 24 if they are a full-time student. There is no age cap if the dependent child is permanently and totally disabled.<\/p>\n<p>You can also claim parents, stepparents, grandparents and certain individuals who are related to you by marriage as dependents. The key is they must have lived with you for at least half the year, and you must have paid more than half of their financial support. You can still claim your parents if they don\u2019t live with you as long as you pay for more than half of their living expenses.<\/p>\n<p>Check the IRS website for a full list of qualifying dependents.<\/p>\n<p><strong>More From The SS: <\/strong><a href=\"https:\/\/partners.thepennyhoarder.com\/spending-too-much-sdyn-prt\/?aff_id=401\" target=\"_blank\" rel=\"noopener\">The\u00a0\u00a0Dumbest Things We Keep Spending Too Much Money On<\/a><\/p>\n<h2 class=\"wp-block-heading\">Filing Taxes as Head of Household<\/h2>\n<p>Most tax professionals advise taxpayers to file your tax return as head of household whenever possible to take advantage of available tax breaks that include:<\/p>\n<ul>\n<li><b>Larger standard deductions.<\/b> People filing under a single or married filing separately status are entitled to a $14,600 deduction for the 2024 tax year. That figure jumps to $21,900 if you file as head of household.<\/li>\n<li><b>Lower tax rate.<\/b> Filing as head of household puts you in a different tax bracket than other filing statuses. That could mean you have less taxable income and lead to a lower tax bill or a larger tax refund.<\/li>\n<\/ul>\n<p><strong>More From The SS:\u00a0<\/strong><\/p>\n<div class=\"thepe-bottom-of-post\" id=\"thepe-1707032022\">\n<div class=\"adBorder\" id=\"thepe-1231896839\">\n<h3>The 8 Best Ways to Earn a Passive Income in 2024<\/h3>\n<p>You\u2019ve probably heard the term passive income. It sounds appealing right?<\/p>\n<p>According to the definition of passive, it would mean you\u2019re earning income without participating or having to do anything at all. Free money? Sign me up!<\/p>\n<p>If you\u2019re interested in establishing a flow of passive income, here\u2019s a guide to understanding the term and getting started.<\/p>\n<p><a href=\"https:\/\/partners.thepennyhoarder.com\/passive-income-desktop-prt\/?aff_id=384\" target=\"_blank\" rel=\"noopener\">Check it out here!<\/a><\/p>\n<\/div>\n<\/div>\n<p>        <!-- ACF Financial Disclaimer --><\/p>\n<p>        <!-- End ACF Financial Disclaimer --><\/p>\n<p>        <!-- Newsletter Signup Form --><\/p>\n<div class=\"newsletter-signup-wrapper-for-digioh\">\n<div class=\"col-xs-12 newsletter-wrap flex-row\">\n<div class=\"container flex-container\">\n<div class=\"col-xs-12 new-newsletter-form\">\n<p class=\"text-subheading\">Ready to stop worrying about money?<\/p>\n<p class=\"text-get-daily\">Get the SS Daily<\/p>\n<p class=\"email-privacy-policy-blurb-white\">\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n<p>        <!-- End Newsletter Signup Form --><\/p><\/div>\n<p><script type=\"text\/javascript\" id=\"wp-fcapi-js-before\">\n\/* <![CDATA[ *\/\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window, document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '263664193816679');\n\/* ]]> *\/\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.thepennyhoarder.com\/taxes\/what-does-head-of-household-mean\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Being an adult is great. You get to be king or queen of your own castle \u2014 or head of the household, if you will. It\u2019s all fun and games until tax time rolls around, and then \u201chead of the household\u201d takes on an entirely different meaning. Filing your taxes as head of household can<\/p>\n","protected":false},"author":1,"featured_media":10609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[188],"tags":[4311],"class_list":{"0":"post-10608","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-taxes","8":"tag-household"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/10608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10608"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/10608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/10609"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}