Advantages
A taxpayer using the Head of Household filing status is entitled to used the Head of Household tax rates, which feature wider tax brackets. Also, the taxpayer is entitled to a larger standard deduction ($8,700 in 2012) than taxpayers using Single or Married Filing Separately ($5,950 in 2012).
Read more about this topic: Head Of Household
Famous quotes containing the word advantages:
“In 1845 he built himself a small framed house on the shores of Walden Pond, and lived there two years alone, a life of labor and study. This action was quite native and fit for him. No one who knew him would tax him with affectation. He was more unlike his neighbors in his thought than in his action. As soon as he had exhausted himself that advantages of his solitude, he abandoned it.”
—Ralph Waldo Emerson (1803–1882)
“If we live in the Nineteenth Century, why should we not enjoy the advantages which the Nineteenth Century offers? Why should our life be in any respect provincial?”
—Henry David Thoreau (1817–1862)
“We work harder than ever, and I cannot see the advantages in cooperative living.”
—Lydia Arnold, U.S. commune supervisor (of the North American Phalanx, Red Bank, New Jersey, 1843- 1855)