Which term describes the location a person considers their permanent home?

The correct term that describes the location a person considers their permanent home is "Taxpayer Residence." This term specifically refers to the place where a taxpayer has established their primary and permanent living situation, which is critical for determining state residency and tax obligations.

While "Principal Place of Abode" may seem relevant, it typically relates to the primary location of living during a tax year and may not capture the full essence of a permanent home. "Qualifying Relative" relates to tax dependents and eligibility for certain tax benefits, which is unrelated to a person's permanent home. "Home of Record" is primarily used in military contexts to denote a service member's designated permanent home, but it is not as universally applied as "Taxpayer Residence" in tax filings. Therefore, "Taxpayer Residence" encompasses the intended meaning of a person's permanent home in a tax context.