In regard to taxes, the head of household (HOH) represents any unmarried individual who pays more than half of the costs of maintaining a household throughout one calendar year. When you file as a head of household, different taxes will apply, allowing for higher deductions with a lower tax rate. This filing can be applicable if you’re divorced or legally separated, or if you’re the primary caregiver for a family member such as a parent or a niece. Knowing whether you can file with the head of household status could reduce what you owe in taxes, or increase what you get in your return.
How Does Head of Household Affect Taxes
Unmarried couples and family members who care for their family members and bring in the majority of the income for the household may qualify for head of household status if they meet the following criteria:
- You pay for more than half of the household expenses (such as rent or mortgage, utilities, groceries, and other common expenses)
- You are considered unmarried for the tax year
- You have a qualifying child or dependent
Head of household status offers some advantageous tax benefits. Making sure that you qualify and that your taxes are filed correctly can save you from an unnecessary audit by the IRS. One of the many services that ATM Tax Pro can provide is to review your tax documents and make sure they’re all in order before filing.
ATM Tax Pro Provides Solutions For Your Tax Problems
Taxes aren’t always easy, especially when you have write-offs of tax exemptions to add to the cluster of papers often created while doing taxes. Making sure you get them done right helps you avoid any future problems with the IRS, and shows that you can take responsibility for yourself and your financial obligations.
With tax solutions from ATM Tax Pro, your questions about the head of household taxes and other deductions or credits you qualify for can be answered with certainty as we work tirelessly to ensure we’re giving you the best solutions for your tax woes. We start with a thorough assessment of your situation, then walk you through every step to take care of your tax needs. You don’t have to face the IRS alone.
When you’re in the middle of tax return chaos, hand over your headache to a professional like ATM Tax Pro. Get a free assessment when you make an appointment.