I rent a large basement room that I am going to share with my baby when she's born. Would I still qualify for head of household, or do I have to the own property? I'm very confused by the term, and I don't want to file incorrectly next year. What does head of household encompass? Is it just the amount you pay for housing/utilites/etc., or does it include other expenses?
2007-03-02 14:50:00 · 8 answers · asked by tangyterp83 6 in Business & Finance ➔ Taxes ➔ United States
If you have a qualifying dependent, you can claim HoH. You could be living on the streets or in a homeless shelter, your filing status does not depend upon where you live or whether you own property or not.
Head of Household is just the name for the filing status for single parents. You get a larger standard deduction and have lower tax rates than a single person so you pay a bit less tax. As long as you provide a home for a qualifying dependent -- your baby once it is born would be a qualifying dependend -- you can claim HoH filing status. It has nothing to do with the amount of your rent or utilities.
Since your baby isn't born yet, you can't file HoH for 2006. You will be able to file HoH on your 2007 tax return next year.
2007-03-02 15:39:36 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
You do not have to own property to file as head of household. You will have a qualifying child. If you pay over half of the costs of maintaining your home (rent, utilities, maintenance and repairs, food eaten at home), then you can file as head of household.
2007-03-02 16:12:36 · answer #2 · answered by ninasgramma 7 · 0⤊ 0⤋
You can't file as head of household this year because the baby isn't born yet. However, I believe that you will be able to next year. You do not need to own the house. But you've got a year to check it since it won't apply until the baby gets here.
2007-03-02 15:06:10 · answer #3 · answered by Faye H 6 · 0⤊ 1⤋
Once your baby is born (that year) you can file for head of household. Doesn't matter if you rent or own.
2007-03-02 14:53:13 · answer #4 · answered by TP2001 2 · 0⤊ 0⤋
I rent an apartment and file "head of household."
2007-03-02 14:52:43 · answer #5 · answered by Misty Eyes 6 · 0⤊ 0⤋
that's achieveable you're able to qualify as Head of considerable different and babies in case you pay over 0.5 the charges of preserving your abode. in case you're renting out of your aunt at industry expenditures, then I see no undertaking submitting as Head of considerable different and babies. i might look heavily at your return to work out if this submitting status surely benefitted you. in many circumstances there is not any tax earnings. If there is not any tax earnings, document as single, because of the fact Head of considerable different and babies can set off an audit interior the case of low-earnings persons. in case you're renting at below industry expenditures, be risk-free and document as single. the version between the industry fee and the lease paid may well be seen help presented by potential of your aunt in preserving your abode. a individual submitting as single and claiming a baby can nevertheless get carry of the youngster Tax credit, further baby Tax credit, Earned earnings credit, and based Care credit.
2016-10-17 03:48:20 · answer #6 · answered by ? 4 · 0⤊ 0⤋
If you took care of yourself for 6 months out of the year then i would think you could claim head of household....just as long as no one else supported you you will be fine.
2007-03-02 14:53:26 · answer #7 · answered by butterfly_tat_luver79 3 · 0⤊ 3⤋
IT WOULD BE POSSIBLE YES...
YOU FARE BETTER BY HAVING AN ACCOUNTANT DO YOUR TAXES LIKE H/R BLOCK ECT.
2007-03-02 15:47:26 · answer #8 · answered by cork 7 · 0⤊ 1⤋