A separate tax file gives each spouse the responsibility of paying their taxes. Married couples can decide to pay their taxes separately to avoid the penalties of filing jointly. The...
Posted by Tiffany Gaskin on 12/18/2022
Taxpayers find filing taxes hectic because it consumes more than thirteen hours of their time. The time consumed can extend beyond those hours depending on the complexity of your financial...
Posted by KLSM CPA Firm PLLC on 10/16/2022
The federal-level collects taxes from Social Security income while the income level determines whether or not there is a need for a tax on the benefits. Those with the 401(k) or other...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 09/27/2022
On filing for a tax deduction, you have to consider your filing status. Your position in your household determines your status. Your status determines the tax bracket you are categorized...
Posted by Pat Raskob on 11/04/2021
There are five types of tax filing status: head of household, married filing separately, married filing jointly, qualified widow, and single filing. The status of your tax return can...
Posted by Dennis Jao on 09/15/2020
Getting remarried is not a simple action and is not treated as a normal circumstance when it comes to Social Security benefits. Social Security is made of many rules that cannot be...
Posted by CORE PERFORMANCE on 08/24/2022
Many people are usually confused about the benefits of a spouse or an ex-spouse. People also wonder what happens with their spousal benefits if claimed before or after the full retirement...
Posted by Flynn Financial Group Inc on 04/27/2020
The current or former marital partner is where the Social Security benefits go to if the spouse dies, but that depends on certain circumstances. To current spouses, widowed spouse,...
Posted by Flynn Financial Group Inc on 07/26/2019
At the point when a companion bites the dust, their Social Security benefits may end up accessible to their present or previous wedded partner, contingent upon specific conditions....
Posted by Debi G Hill, CPA on 07/25/2019
