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Household Expenses

 
Investment Dictionary: Household Expenses
 

A per person breakdown of general living expenses. It includes the amount paid for lodging, food consumed within the home, utilities paid and other expenses. The sum of all the expenses is then divided by the number of family members residing in the house in order to find each member's part of the total expense.

Investopedia Says:
If you have 'head of household' status, you can enjoy a larger standard deduction and lower tax rates.

Related Links:
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Retirement and education financing are the two most important planning items for taxpayers. Don't Forget The Kids: Save For Their Education And Retirement
If you don't know what must be done before the finish of the tax year, you may miss opportunities or even pay penalties. Year-End Reminders


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