head-of-household

head-of-household

Divorced Parents and the HOH Dilemma: Who Gets the Status?

For divorced or separated parents, "sharing" custody is a common way to raise children—but when it comes to the IRS, "sharing" tax benefits is a myth. Although you may have a 50/50 legal custody arrangement, the IRS rules for the Head of Household (HOH)

head-of-household

The HOH Math: Understanding "Half the Cost of Keeping Up a Home"

One of the most confusing parts of qualifying for Head of Household (HOH) status is the "more than half the cost" requirement. The IRS is very specific about which expenses count toward this total and, perhaps more importantly, which ones don't. To help you navigate this,

head-of-household

The "Considered Unmarried" Clause: How Married Taxpayers Can File as HOH

Navigating a separation is emotionally and financially taxing. One of the biggest points of confusion during this transition is your tax filing status. Most people assume that if they are legally married on December 31, they must file as "Married Filing Jointly" or "Married Filing Separately."

head-of-household

Beyond the Basics: Who Really Qualifies You for Head of Household?

Choosing the right filing status is one of the most important decisions you make on your tax return. For many, the Head of Household (HOH) status is a powerful way to lower their tax bill, offering a higher standard deduction and more favorable tax brackets than filing as "Single&