Sentences with phrase «head of household filing status»

Not sure if you qualify for head of household filing status?

Neither of you should be claiming head of household filing status if you lived together at any point in the last six months of the tax year.

However, if you and your spouse didn't live together for the last six months of the year, you might be able to choose head of household filing status.

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

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

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.

You can find more Dinesen Tax Times coverage of head of household filing status here and here.

Two single people who live together and who have kids can divide the kids up between them in such a way as to maximize head of household filing status, the earned income credit and child tax credit (assuming that each person is a legal parent of the children).

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.

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).

This document also contains proposed regulations that, to reflect current law, amend the regulations relating to the surviving spouse and head of household filing statuses, the tax tables for individuals, the child and dependent care credit, the earned income credit, the standard deduction, joint tax returns, and taxpayer identification numbers for children placed for adoption.

The CUSTODIAL PARENT remains eligible to use that child for tax benefits such as: head of household filing status, the earned income credit, and taking the credit for daycare expenses.

Each individual must use the tax rates corresponding to the single or head of household filing status, whichever applies.

If you are not eligible to use the head of household filing status, you can always file your return as a single taxpayer.

When unmarried couples have children together, the head of household filing status is oftentimes available, but only to the parent who is responsible for paying more than half the cost of maintaining the home where the child resides for more than half the year.

Single parents can benefit from a head of household filing status.

Single filers also benefit from extra tax perks, like the head of household filing status.

The head of household filing status provides for a tax bracket that is better than the single filing status.

To qualify for head of household filing status, you must meet the following criteria:

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

And if you usually use the head of household filing status, you can report an additional allowance for that as well.

In addition, notice that head of household filing status isn't listed in the chart.

To qualify for head of household filing status, you must meet the following criteria: Be unmarried or «considered unmarried» -LSB-...]

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.

You must meet the other requirements for the head of household filing status.

This document also contains proposed regulations that, to reflect current law, amend the regulations relating to the surviving spouse and head of household filing statuses, the tax tables for individuals, the child and dependent care credit, the earned income credit, the standard deduction, joint tax returns, and taxpayer identification numbers for children placed for adoption.

Normally, a single person with children at home would claim the head of household filing status.

A new tax bracket was created for head of household filing status, with rates that were halfway between what a single person would pay and what a married couple would pay on a joint return.

The IRS sent a deficiency notice to Ms. Sharp, disqualifying her child - related tax deductions and head of household filing status.

However, this doesn't allow the noncustodial parent to claim head of household filing status, the credit for child and dependent care expenses, the exclusion for dependent care benefits, the earned income credit, or the health coverage tax 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.