Asked by Dayne Krachey on Jul 21, 2024
Verified
The filing status of head of household is for married taxpayers who have dependents.
Head of Household
A tax filing status for an unmarried individual who pays more than half the cost of maintaining a home for themselves and a qualifying person.
Married Taxpayers
Individuals who are legally married and may choose to file income tax returns jointly or separately.
Dependents
Individuals, typically family members, who rely on another person, usually the primary earner, for financial support.
- Gain an understanding of the foundational aspects of filing status and identify the correct tax forms for assorted income streams.
- Recognize the implications of different filing statuses such as head of household, single, and married filing jointly.
Verified Answer
RR
Randa RegesJul 25, 2024
Final Answer :
False
Explanation :
The filing status of head of household is for unmarried taxpayers who have dependents. Married taxpayers may file jointly as a married couple or separately as individuals.
Learning Objectives
- Gain an understanding of the foundational aspects of filing status and identify the correct tax forms for assorted income streams.
- Recognize the implications of different filing statuses such as head of household, single, and married filing jointly.