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Level 1
posted Oct 25, 2023 9:20:04 AM

Single vs Head of Household

What is the difference between these for you when you have a child? What advantages and disadvantages are there for head of household vs single and how do you know which is best to use?

0 2 598
2 Replies
Level 15
Oct 25, 2023 9:22:28 AM

HOH gives you a higher standard deduction, which means less of your income is taxable.

 

Am I Head of Household?

https://ttlc.intuit.com/questions/1894553-do-i-qualify-for-head-of-household

https://ttlc.intuit.com/questions/2900097-what-is-a-qualifying-person-for-head-of-household

 

If you qualify as Head of Household, when you enter your marital status (single or married filing separately) into MyInfo, and then enter your qualifying dependent, TurboTax will offer HOH as your filing status.

Level 15
Oct 25, 2023 9:22:56 AM

2023 STANDARD DEDUCTION AMOUNTS

 

SINGLE $13,850  (65 or older/legally blind + $1850)

 

MARRIED FILING SEPARATELY $12,850  (65 or older/legally blind + $1500)

 

MARRIED FILING JOINTLY $27,700  (65+/legally blind) )  + $1500 per spouse

 

HEAD OF HOUSEHOLD  $20,800 (65 or older/blind)  + $1850)