Standard Deduction: Single, Married and Head of Household The size of your standard deduction depends largely on your tax filing status. Besides your tax filing status, other factors used to ...

With tax season here, understanding whether to itemize deductions or take the standard deduction can help you maximize ...

Another proposal in the list of Republican ... aims to eliminate the “head-of-household” filing status, which offers lower tax rates and a higher standard deduction for unmarried taxpayers ...

Clothing and household items must be in "good used condition or better," according to the IRS. An exception exists if your gift will result in a deduction of more than $500. You can provide a ...

When it comes to filing taxes, the Head of Household (HOH) status stands out as one of the most beneficial options for certain taxpayers. It offers a larger standard deduction, more favorable tax ...