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What does Head of Household mean on a tax return?

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  • Art Auerbach

    Tax Director, Goodman & Company, LLP

    http://www.goodmanco.com/  
     

    Serving clients since 1932, Goodman & Company brings 75 years of knowledge and experience to the demands of today's ever-changing business environment. Throughout the past 75 years, we've never strayed from our mission-to provide each client with personal, high-quality service using the most up-to-date technology and resources.

  • What does Head of Household mean on a tax return?

    Basic information to prepare an individual income tax return, Form 1040 and the basic schedules. This video is designed for those individuals who want to undertake the preparation of their tax return. There are tips and pointers for those who have attempted this feat in prior years.

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  • Transcripts

    Host: What does head of household mean on a tax return?

    Aurthur Auerbach: Head of household means exactly that. It means you are single with a dependent living in your household and when I say living in the household, we will discuss that in the next segment where we will talk about who qualifies as a dependent. So you can have a child away from college, but when they come home they are going to live with you. So even though they have been at school for five or ten months out of the year they are still considered your dependent and living with you in many cases. So head of household means you have got a dependent, it could be a parent, it could be a child, it could be another relative living in your household and you are providing more than half of the household costs. So you are putting the roof over the head, food on the table, things like that, providing the shelter and that is an in between rate, that is in between single and married filing joint. Joint being the cheapest, single being the highest, head of household is somewhere in the middle.

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