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This video does a deeper dive into the Head of Household Filing Status, dispelling several misconceptions about this status along the way. To get an overview of all the available filing statuses, click here: • What Filing Status do I choose? 2023 UPDATE: The penalty for Tax Professionals that claim the Head of Household status erroneously has been increased to $600. For more information: IRS Publication 17 "Your Federal Income Tax": https://www.irs.gov/pub/irs-pdf/p17.pdf IRS Form 8332 "Release of Dependent Exemption to Non-Custodial Parent": https://www.irs.gov/pub/irs-pdf/f8332... The Tax Geek on The Site Formerly Known as Twitter: @taxgeekusa The Tax Geek on Reddit: www.reddit.com/r/askataxgeek Intro and background music: "Bluesy Vibes" - Doug Maxwell - YouTube Audio Library DISCLAIMER: The information presented in the video is for informational and educational purposes only and is not intended to render tax advice for specific tax situations. If you have questions regarding your specific situation, please consult the links above or a qualified tax professional. The information in this video is based on tax law and IRS regulations as of date of publication.