I'm single yet own my own home. What is the difference between choosing "single" or "head of household" when filing?

ottopup · ‎June 5, 2019

Vanessa · ‎June 5, 2019

If you are not married and have no dependents then you will file as Single. In order to file as Head of Household, you would need to have qualifying dependents. The primary difference is the Standard Deduction for single is $6,350 and for Head of Household it is $9,350.

If you own your own home and your mortgage interest, property taxes, PMI, and other itemized expenses are greater than $6,350 you may be able to Itemize your return. If you do qualify as Head of Household, then your expenses would need to be greater than $9,350 in order to itemize.

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Vanessa · ‎June 5, 2019

If you are not married and have no dependents then you will file as Single. In order to file as Head of Household, you would need to have qualifying dependents. The primary difference is the Standard Deduction for single is $6,350 and for Head of Household it is $9,350.

If you own your own home and your mortgage interest, property taxes, PMI, and other itemized expenses are greater than $6,350 you may be able to Itemize your return. If you do qualify as Head of Household, then your expenses would need to be greater than $9,350 in order to itemize.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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I'm single yet own my own home. What is the difference between choosing "single" or "head of household" when filing?