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| | CommonSense - Tax Help for Single Moms: How Head of Household and Childcare Tax Credits can reduce your total taxes. (Site not responding. Last check: 2007-10-08) |
 | | When you file your taxes this year, as head of household you will be taxed at a lower rate than you would if you filed as single, you'll also enjoy a higher standard deduction as well. |
 | | A typical head of household is someone who is single on the last day of the tax year, has a dependent child living at home, and pays at least half the cost of maintaining the home. |
 | | The difference between the standard deduction of $7,000 for heads of household and the $4,750 for singles equals a difference of $2,250 for tax-year 2004, the standard deduction will be $7,150 compared to the single deduction of $4,850. |
| www.treasurer.state.oh.us /commonsense/newsletter/04-MAY/childcare.htm (855 words) |
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