![]() The HOH must be an unmarried (either single or divorced) individual.The criteria for being considered an HOH is: Head of household (HOH) is a filing status that an unmarried individual can file their taxes under, given that they qualify for the same. Here's a look at the revised brackets for the year 2021: Single Filers While the rates have remained the same since last year, the brackets have changed. ![]() There are seven total divisions, taxed progressively at 10%, 12%, 22%, 24%, 32%, 35% and lastly, 37%. ![]() Tax brackets are nothing but divisions of income that are taxed differently. We'll also go over how these brackets work using a simple example and talk about a few vital tax deductions to keep in mind before filing your return. This article offers some basic information on federal tax brackets so you can calculate your taxes. With the deadline fast approaching, you might want to get your financial affairs into order to avoid an IRS audit. The 17th of May is just around the corner, and accountants all over the United States of America have a packed calendar till then.
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