Hi,
I could really use some help on filing as Head of Household.
I have read the eligibility for Head of Household:
- Were unmarried as of December 31, 2023 and
- Paid more than half the cost to run your (or a qualifying parent's) home this year (rent, mortgage, utilities, etc.) and
- Supported a qualifying person.
I have paid for more than half the cost to run my parents' home and have a qualifying persons (i.e. my parents).
a) I am assuming that I do not have to include my parents as my dependents, correct? This would mean that I would not claim any exemptions for them.
b) Can my parents file their joint tax return OR will we have 1 tax return for me and my parents all be rolled under the Head of Household?
c) If my parents can file their own joint tax return and are not claimed as dependents of anyone, will they be able to take the standard ($30,700) or itemized deduction?
d) The same would apply for the State taxes (Massachusetts)? Would my parents qualify for the Senior Circuit Breaker credit, for example? Or better question to ask is if I am Head of Household, what will my parents or I would be disqualified from in terms of deductions/credits?
e) Is there a limitation in my earnings in order to qualify or not qualify to be Head of Household?
f) Is there a limitation in my parents' total income or total taxable income, which consists of SSA, Interest earned, RMDs, and no W-2s, to qualify or not qualify as a "qualifying person"?
Thank you in advance for your help.
