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Your email address will not be published.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

  • Illustration of one person handing an open envelope filled with cash to another across a cracked background. 8 Things to Know Before Lending Money to Relatives
  • Illustration of a Medicare card, benefit statement, and magnifying glass showing coins dropping into a shredder. 10 Ways to Check If You're Overpaying for Medicare Part B
  • An older woman holding a checklist sits across from a healthcare provider discussing medication in a pharmacy. 12 Questions to Ask Before Choosing a Medicare Plan for 2027
  • A senior woman in a yellow winter jacket stands by a snowy mailbox reading a paper utility bill. 9 Costs That Rise Every January for Retirees
  • Desk calendar displaying October 15 and December 7, surrounded by a pill, stethoscope, medical shield, scale, and autumn leaves. 12 Things to Compare During Medicare Open Enrollment This Fall
  • Smiling middle-aged man sitting at a rustic kitchen table reading a printed Pension Summary document near a steaming mug. 12 Pension Terms That Sound Scary but Aren't
  • Woman sitting at a wooden kitchen table looking at a smartphone screen displaying a deposit received notification. Millions of Amazon Prime Members Could Get up to $200 – See if You Qualify
  • Hands holding an open retirement notebook beside a steaming mug and a Social Security notice on a wooden table. Social Security Announcements in October
  • A cracked egg resting in a nest woven from financial ledger strips, beside a drafting compass and pencil. 13 Signs Your Nest Egg Was Built on Outdated Assumptions
  • Senior couple reviewing financial papers and account balances on a tablet at a wooden table. 8 Reasons Retirees Are Opening High-Yield Savings Accounts Now

Newsletter

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

Related Articles

A retired couple reviews their tax documents and budget at a sunlit wooden kitchen table in a warm, candid photographic scene.

7 Signs Your Tax Withholding Needs Adjusting in Retirement

Learn 7 key signs your retirement tax withholding needs adjusting. Avoid IRS penalties and optimize…

Read More →
avoid some taxes

Yes, You Can Avoid Some Taxes With These 6 Solutions!

Benjamin Franklin once said: “nothing is certain but death and taxes.” If you don’t file…

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 →
A desk calendar showing December 31 circled, beside a steaming mug, eyeglasses, and financial planning folders.

10 Retirement Tasks Worth Finishing Before December 31

Finish these 10 crucial retirement tasks before December 31 to avoid IRS penalties, lower your…

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 →
Gouache illustration of a couple nurturing a golden plant protected by a glass dome labeled Tax-Free Shield.

The Retirement Planning Move That Pays Off Later

Discover the ultimate retirement planning move: using strategic Roth conversions and HSAs to protect your…

Read More →

Did You Know About These 5 Veteran Tax Breaks?

A smiling veteran couple reviews exclusive tax breaks on a tablet while relaxing on their…

Read More →
IRS refund

Tax Refund Alert: Americans May See a $1,000 Increase in 2026

Tipped Employees and Overtime Workers Workers who rely on tips or overtime pay could see…

Read More →
ridiculous taxes

9 Most Ridiculous Things You’ll Get Taxed for

5. Candy tax No. 5 on our list of ridiculous taxes is the candy tax…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Contact
  • Editorial Policy
  • Advertiser Disclosure
  • FAQ
  • Subscribe
  • Unsubscribe
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Do not sell my personal information
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.