the Head of Household on a Tax Return Video

Learn about the Head of Household on a Tax Return

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By: MonkeySee.com - Business

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the Head of Household on a Tax Return -

Learn about the head of household on a tax return in this video that will help you prepare for tax returns....

the Head of Household on a Tax Return -

Learn about the head of household on a tax return in this video that will help you prepare for tax returns.

Added: 8/3/09

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the Head of Household on a Tax Return 1099 accountant do your taxes filing taxes government head of household income tax monkeysee tax tax claims tax deduction taxes w2

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Learn about the Head of Household on a Tax Return

Male: What does head of household mean on a tax return? Art: 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’ll discuss that in the next segment where we’ll talk about who qualifies as a dependent. So you can have a child away from college but when they come home, they’re gonna live with you. So even though they’ve been at school for 5 or 10 months out of the year, they’re still considered your dependent and living with you in many cases. So head of household means you’ve got a dependent, it could be a parent, it could be a child, it could be another relative living in your household. And you’re providing more than half of the household costs. So you’re 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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Male: What does head of household mean on a tax return?
Art: 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’ll discuss that in the next segment where we’ll talk about who qualifies as a dependent. So you can have a child away from college but when they come home, they’re gonna live with you. So even though they’ve been at school for 5 or 10 months out of the year, they’re still considered your dependent and living with you in many cases. So head of household means you’ve got a dependent, it could be a parent, it could be a child, it could be another relative living in your household. And you’re providing more than half of the household costs. So you’re 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.

Transcription by: Scribe4you Transcription Services