Sentences with phrase «claiming head of household»

Jane remains eligible to use the child to potentially claim head of household filing status, the earned income credit, and the credit for daycare expenses (assuming, of course, that she meets the other qualification for those things).

Can two people who live together each claim head of household filing status?

Your parent need not live with you; when you pay more than half of their cost to live in a home for seniors or rest home, you can claim head of household.

If you have a dependent, however, you may be able to claim head of household.

Not exact matches

Otherwise, taxpayers can claim the Kansas standard deduction, which is $ 3,000 for single filers, $ 7,500 for joint filers, $ 3,750 for married persons filing separately and $ 5,500 for heads of household.

The limitation on itemized deductions (sometimes called «Pease» after the Ohio congressman who proposed it) reduces deductions for high - income taxpayers by 3 percent of the amount by which their AGI exceeds a threshold — $ 261,500 in 2017 ($ 287,650 for heads of household, $ 313,800 for married couples filing jointly, and half of that for married couples filing separately)-- but not by more than 80 percent of deductions claimed.

If you're single, married filing jointly, head of household, or a qualifying widow / widower with a dependent child, you can claim a credit for up to 35 percent of your child or dependent care expenses.

In order to file as head of household, a taxpayer must have paid at least half the household expenses during the year and have a qualifying person to claim on their tax return.

For 2017, single filers with an AGI of $ 31,000 or more, head of household filers with AGI of $ 46,500 or more and joint filers with an AGI of $ 62,000 or more are ineligible to claim the credit.

But by claiming a tax break known as the Saver's Credit, singles and heads of households who contribute to a 401 (k), IRA (traditional or Roth) or similar retirement account may qualify for a tax credit of as much as $ 1,000, while married couples filing jointly may be able to snag a credit of up to $ 2,000, in effect making the federal government a partner in building your retirement nest egg.

Learn more about filing head of household and claiming the earned income tax credit with advice from the tax experts at H&R Block.

Even if a taxpayer can claim the significant other as a dependent, this would not qualify the taxpayer for head of household filing status.

Homebuyers who file as single or head - of - household taxpayers can claim the full credit if their modified adjusted gross income (MAGI) is less than $ 125,000.

A single mom filing as head of household and making less than $ 75,000 as of publication, can claim a $ 1,000 child tax credit for each child.

A note for unmarried couples and for Iowa same - sex married couples — even if you can claim your partner as a dependent, you can not file as head of household because you are considered to be unrelated and thus your partner is not a «qualifying person» for head of household purposes.

For example, Alex could claim both kids, head of household filing status, and all of the family's itemized deductions.

You can't claim these expenses if you take the standard deduction which, for 2017, is $ 6,350 for taxpayers who are single or married filing separately, $ 12,700 for married filing jointly, and $ 9,350 for heads of household (single taxpayers with dependents).

Angie would get the EIC and claim the standard deduction; Alex would claim 1 child and use head of household filing status and claim all the itemized deductions.

The head of household and qualifying widow (er) statuses are not available since both require you to claim at least one dependent, which the 1040EZ does not allow.

If your taxable income is over $ 207,500 (single, head of household or married filing separately) or over $ 415,000 (married filing jointly), you can't claim the pass - through tax deduction at all if your business is an SSTB.

If you are eligible to file head of household status, which is defined as a filing status for single or considered unmarried taxpayers who keep up a home for a qualifying person, you can claim the Earned Income Credit (EIC).

However, it may be more beneficial to use Form 1040 or Form 1040A, since those forms allow taxpayers to claim «head of household» status (which typically results in a lower tax than filing as «single»), dependents, and various credits and adjustments to income.

To claim this tax credit, you must have income of less than $ 27,750 if single or widowed ($ 41,625 if you are head of the household, and $ 55,500 if you are married and filing jointly).

Tax reductions from claiming dependents can cut a single parent's tax bill when he or she files as head of household.

In addition, I have to file as single because I have the kids for 3 days out of 7, so my ex-wife gets to claim them and be head of household

Individual taxpayers can claim credits up to $ 1,000; married taxpayers and heads of household can claim credits of up to $ 2,000.

Because claiming dependents comes with a tax exemption and other benefits — including the head of household filing status, an earned income credit and a tax credit for the child — divorced couples might find themselves arguing over who gets to claim the child on taxes.

I financed a car under my name so that my sister could drive to work and my mother (who I'm claiming as a dependent, myself as head - of - household) could get groceries and run basic errands.

Married couples filing jointly can claim an amount that's twice as large, $ 12,700, and taxpayers filing as «head of household» (single individuals with dependents) can claim a standard deduction of $ 9,350.

According to Marketing Director Jon Pinney of Wholesale Insurance, studies by the insurance research and assessment firm LIMRA International show that between 15 % and 30 % of the men and women at the head of American households carry no life insurance at all, while J.D. Powers and Associates claims that the uninsured rates among women in the United States may be as high as 64 %.

However, the custodial parent, if eligible, or other eligible person can claim the child as a qualifying child for head of household filing status, the credit for child and dependent care expenses, the exclusion for dependent care benefits, and the earned income credit.

Also, the noncustodial parent can't claim the child as a qualifying child for head of household filing status or the earned income credit.