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The head of household status was created in 1951 by Congress through the Revenue Act of 1951. [3] It was created to provide tax relief to single-parent households, who previously faced the same tax rates as single people without children despite the additional financial obligations inherent in raising children.
For example, in tax year 2024 the head of household 12% tax bracket is $63,100 (which is up from $59,850 in 2023) of taxable income compared with just $47,150 for single filers (which is up from ...
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Head of Household Standard Deduction: Filing as the head of household, a taxpayer can claim a standard deduction of $18,650 for tax year 2020. Learn More: 8 Best Tax Tips for Single Parents 3.
Filing as a head of household can have substantial financial benefits over filing as a single status taxpayer. As a head of household, one may obtain a more generous tax brackets and larger standard deductions. [14] There are many special rules and exceptions applicable to head of household filing status. [15]
Head of the household or Head of household may refer to: Head of household, filer status for the primary income tax filer for a household in the United States; Head of the household, or Householder, a census term that refers to the head of a family unit or other household; Hoju (literally "head of the household"), a family register system in ...