The Head of Household Filing Status Has Some Important Tax Advantages over the Single Filing Status. If You Qualify as Head of Household, You Will Have a Lower Tax Rate and a Higher Standard Deduction Than a Single Filer. Also, Heads of Household Must Have a Higher Income Than Single Filers Before They Owe Income Tax.
Why File Single or Head of Household?
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★ Key Takeaways
The Head of Household Filing Status Has Some Important Tax Advantages over the Single Filing Status. If You Qualify as Head of Household, You Will Have a Lower Tax Rate and a Higher Standard Deduction Than a Single Filer. Also, Heads of Household Must Have a Higher Income Than Single Filers Before They Owe Income Tax.
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