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  2. Guide To Filing Taxes as Head of Household vs. Single

    www.aol.com/guide-filing-taxes-head-household...

    Filing as single means you are unmarried, divorced or legally separated. Filing as head of household means you are unmarried and have at least one qualifying dependent. If you qualify to file as ...

  3. Head of Household - Wikipedia

    en.wikipedia.org/wiki/Head_of_Household

    Head of Household is a filing status for individual United States taxpayers. It provides preferential tax rates and a larger standard deduction for single people caring for qualifying dependents. To use the Head of Household filing status, a taxpayer must: Be unmarried or considered unmarried at the end of the year.

  4. IRS Tax Brackets: Here’s How Much You’ll Pay in ... - AOL

    www.aol.com/finance/irs-tax-brackets-much-ll...

    This status puts them in the highest tax bracket, which is taxed at a rate of 37%. However, this tax rate only applies to any income over $622,050, and that amount gets added to $167,307.50 ...

  5. Standard deduction - Wikipedia

    en.wikipedia.org/wiki/Standard_deduction

    Standard deduction. Under United States tax law, the standard deduction is a dollar amount that non- itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied. Taxpayers may choose either itemized deductions or the standard deduction, [ 1] but usually choose whichever results in the ...

  6. Tax bracket - Wikipedia

    en.wikipedia.org/wiki/Tax_bracket

    Itemized deductions are other specific deductions such as; mortgage interest on a home, state income taxes or sales taxes, local property taxes, charitable contributions, state income tax withheld, etc. Standard deduction is a sort of minimum itemized deduction. If all itemized deductions are added up and it is less than the standard deduction ...

  7. Who qualifies as a dependent on my taxes? - AOL

    www.aol.com/article/finance/2017/03/20/who...

    This is one of the top tax questions every year since it can be difficult to apply the rules to different living situations.

  8. Filing status - Wikipedia

    en.wikipedia.org/wiki/Filing_status

    Filing status depends in part on marital status and family situation. [2] There are five possible filing status categories: single individual, married person filing jointly or surviving spouse, married person filing separately, head of household, and qualifying widow (er) with dependent children. [1] A taxpayer who qualifies for more than one ...

  9. What Does Head of Household Mean? - AOL.com

    www.aol.com/does-head-household-mean-150035512.html

    People filing under a single or married filing separately status are entitled to a $12,550 deduction for the 2021 tax year. That figure jumps to $18,800 in 2021 if you file as head of household ...

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