Head of Household | What it means & the tax benefits associated with this filing status
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- เผยแพร่เมื่อ 16 พ.ค. 2024
- There are 4 tax filing statuses that you can choose when filing your taxes - single, married filing jointly, married filing separately and head of household! Today we're talking more about what it means to file as head of household (HOH) and the tax benefits associated!
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*Disclaimer this information should be used for educational purposes. You should always consult your own CPA and financial advisors for what works best in your specific situation. - บันเทิง
It's sad how this is the stuff they SHOULD be teaching us in college yet we have to come to youtube to learn this for free while colleges are sealing tens of thousands of dollars to teach us outdated technology or concepts that will be obsolete by the time of graduation.
Thank you for this information. I recently became HOH after my father passed and didn't even know about this a year later.
My only suggestion is fix the audio. The explanation volume was low and then the ending switch was blasted in my speakers lol. Overall, great and informative video.
Great info and simply explained. Thank you
Excellent video explanation
Thank You
Thank you so much, this video is very helpful and informative 🥰 , this is my first year filing taxes in USA by myself, I assume that I can file h-h-h this year.
Great video very useful!!
Thank you so much for the video it was very helpful. I definitely am ahead of household and I am not sure what whether to enter in a zero or a one I have one child who's a dependent who lives in the house for more than 50% of the time. Is there a benefit to filing with a zero or one under head of household or do I have to choose a one because I have one dependent? Thank you so much again
I wish I should had looked up this video 2 years ago 🤦🏽♂️
Glad I found it now, for clarity and understanding that I do qualify 🙏🏼
Hoping to have a break this next year on taxes man, been roughly past couple years
Bruhh me too I just found out today and I been filling for single for 4 years and I I didn't know I'm qualified for head of household till today smh
Very helpful
Nice class
I filed head of household last year and got 0 money back for the first time in my entire life in my tax return. Advise?
I'm hoping with no dependents. Pay 100 percent on up keep. How does that work
I do qualify and my tax preparer told me to just claim as single because is less forms to fill up and not much of a difference in return. Grrrr!! Next year I know better!! Thank you so much!
Sometimes you may get more refund if you file hoh, if your dependents are 3 and u made less than 37k hoh will get u more refund
Can I file head of household if my spouse didn’t make any money last year?
I live with my GF and her child. I pay for over half of our expenses. She claims her child. Can i still claim HOH?
Can you have a child on your taxes as qualified child for reason for head of house hold only but someone else claim that child as a dependent as the same time… also can two people claim head of household
I’m single. No children. Living with my sister. I do not pay any of the household expenses. How do I file? Please help. I recently got a job and they suggested filing HOH but now I feel like that was wrong. I need to change it or do I leave it as is??? Help! 🤔
You need to file single.
I am trying to find the truth about HOH . A friend of mine has two dependent children, he said his tax advisor told him that both of his children qualify to be head of household that’s what I’m working on today any input from you thank you.
That's not how it works
IHave a question. If I am a home owner and house my daughter(age 9, 50/50 custody) and pay half of her bills and she stays with me half the time, but ex-wife is claiming her on her taxes as a dependent. Am I still eligible to file as head of house hold?
I have basically the same situation? Did you ever find out the answer to your question?
@@auroramenkee7035 No unfortunately. Still yet to do my taxes.
Depends if court or seperate on decree states who can get to claim the child. Could also go down to which parents has highest adjusted gross income, they can then claim dependent. Idk if u can claim if someone else already claimed. Best choice is go with certified tax preparer
I'm in a same sex relationship (15 years) can my significant other claim me as dependent and head of household as I haven't been working the last 2 years?
My sister said she wasnt allowed to file HOH because both her 20/22 year old kids earned $4400 for the year meaning she didnt pay more than 50%. That doesn't sound right. It obviously takes FAR more than that to run a home.
If I’m single no kids but live with my parents and help with at least half the expenses for everything. My mother is unable to work because of a bad wreck so I moved back in to help them that being the case which do I need to file under?
Your mom , if your dad working obviously you can't use him. Also make sure your dad doesn't file taxes as HOH bc if so that's automatically including your mom as an dependent so Make sure she's not being claimed by no one but you
@@realg4lifefoo168 yea I’m filing 0 and single because he definitely does.
Is it possible that I can claim myself as a dependent on HOH?
If you don't have kids you will end up owing thousands
My sister and her bf had a baby in Dec. My sister claimed her and received her income tax already. The baby’s father now wants her social and birth certificate info just so he can claim head of household but doesn’t want to claim the baby. Is this possible? They don’t live together. They both live with each of their parents but the baby living with my sister.
Whole argument about this because my sister just doesn’t want any problems with the IRS
It's my understanding that two people can't simultaneously claim the same dependent unless they are married filing jointly. I could be wrong. Hope everything works out for your sister.
I'm divorced. I've been divorced for 15 years. I own my own home. I pay for all the upkeep of my home. I pay for all the utilities. I don't have any dependents. I've not found a clear answer on if I can claim HOH, or not. Can I?
No. She clearly says you must have dependents 1:36
I am HOH no dependents but I send money to son incarcerated and
Does an adult child (24 years or older who is still in college) qualify as a dependent?? They make zero dollars, and were supported completely for all 365 days of the tax year.
Dependent elderly parent or adult child, yes?