Monday, March 21, 2011

Tax Filing Status

In this week's Money Made Easy, financial adviser Dan Danford answers this financial question from a viewer:

What qualifies someone for "head of household" tax status? Do you have to claim a child as a dependent to qualify? What if you don’t have children but are the primary wage earner in a cohabitating relationship?

Danford, MBA, CRSP, of Family Investment Center, explains the difference between tax filing statuses and the rules required to qualify as a "head of household."

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