Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

7 Stealth Taxes that Can Destroy Your Retirement

April 11, 2023 · Taxes
experts stealth
Image By fizkes From Shutterstock

Widow’s income tax penalty

The widower’s income tax is definitely the healthiest tax of them all, especially because people aren’t fully aware of it. Another reason might be that it’s a bit difficult to plan for it, and it might potentially increase tax liability year after year once it applies.

However, the income tax law doesn’t show kindness to surviving spouses who don’t want to remarry. A widow or widower who might have the same or less income could become the subject of a higher federal income tax liability.

This could result from the transition from married individuals filing at joint tax rates to single tax rates, plus a standard deduction of 50% of $25,100 (which is the amount filed by married individuals), which will start in the year that follows the year of the spouse’s death.

Pages: 1 2 3 4 5 6 7 8

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • Trump's Signature Is About to Appear on U.S. Dollar Bills — Here's What That Means
  • Drowning in $10,000+ of Credit Card Debt? Here’s the "No-Shame" Way Out in 2026
  • Social Security Alert: Up to $5,181 Hitting Accounts This Week
  • A senior couple reviews their household budget on a laptop in a bright, modern kitchen. Social Security's 2027 COLA Could Be the Smallest in Years
  • A person showing a digital discount coupon on their phone to a pharmacist at a bright, modern pharmacy counter. TrumpRx Is Here - But Will It Actually Lower Your Drug Costs?
  • A happy couple shopping with a full cart at a warehouse club in 2026. Top 10 Sam's Club Deals You Can't Ignore in 2026
  • A couple shopping for high-end deals at a modern warehouse store. 12 Costco Deals Shoppers Are Jumping on for 2026
  • A high-end desk setup with a Social Security card and a gold pen, representing presidential financial benefits. Is Trump on Social Security? A Look at Presidential Benefits
  • A person thoughtfully choosing a card from their wallet at a checkout counter. 5 Places to Avoid Using Your Debit Card and 3 Safe Spots
  • A mature couple looking at a tablet together on a sunny patio, appearing confident about their financial future. Married or Divorced? Don't Miss This Social Security Tip That Could Increase Your Checks

Newsletter

Get money-saving tips and personal finance advice delivered to your inbox.

Related Articles

tax deduction

Small Business Owners Can Get These 20 Tax Deductions Now

Would you like to have your tax bill reduced? A tax deduction, also known as…

Read More →
Tax credits, reduce, veteran, climate return

8 Legal Ways in Which You Can Reduce Your Taxes

A hand inserts a coin into a slot, surrounded by icons for housing, healthcare, and…

Read More →
experts, reduce, change, taxes, home, income

These 5 Types of Retirement Income Are NOT Taxable

Roth Withdrawals If you have a retirement savings account, be it a traditional IRA or…

Read More →
new 2024 tax plan

Biden Proposed a New 2024 Tax Plan (and You Should See It Now)

Corporate tax rates The proposal would modify the large cut made in 2017 to the…

Read More →
A graph showing the comparison between a standard deduction amount and itemized deductions for a retired couple, illustrating which option results in lower taxable income.

10 Overlooked Tax Deductions for Retirees

4. Taxable Social Security: Understanding Provisional Income This section is not about a deduction, but…

Read More →
tax season, save

8 Tax Season Preparation Steps (2023)

5. List Your Personal Information Here’s one tax season step that most people tend to…

Read More →
Holiday Scam

10 Holiday Tax Scams That Turn Your Ho-Ho-Ho Into Oh-No!

Fake IRS Accounts and Help Offers Another evolving scam involves fraudsters offering to help you…

Read More →
property taxes

Here Are 10 States With the Most Favorable Property Taxes

5. Colorado Average House Value in 2022: $545,794 Effective Property Tax Rate in 2019: 0.52%…

Read More →
Stimulus Check

These 18 States Are Sending Out Stimulus Checks Now!

5. Florida – $450 Payments The Department of Children and Families in Florida created a…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Subscribe
  • Unsubscribe
  • Newsletter
  • Terms and Conditions
  • Do not sell my personal information
  • Privacy Policy
  • Contact
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.