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Your email address will not be published.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 *

Latest Posts

  • social security The 2026 Schedule of Social Security Offices – What You Need to Know
  • snap Amazon Refund: How Much You Could Receive
  • amazon prime, money Here’s How to Get Your Refund From Amazon’s $2.5B FTC Settlement
  • social security, Social Security task Who Will Receive Social Security Payments on February 11, 18, and 25?
  • Holiday Scam 10 Holiday Tax Scams That Turn Your Ho-Ho-Ho Into Oh-No!

Related Articles

experts, reduce, change, taxes, home, income

Want to Reduce Your Taxes? Here Are 7 (Necessary) Tips 

5. Check if you’re eligible for an Earned Income Tax Credit There are people who…

Read More →
change return

9 States That Made Big Changes to Their Tax Laws

#5 Washington If you’re generating income from capital gains, then you should be looking closer…

Read More →
Tax

5 Tax-Efficient Ways to Share Wealth with Kids

Have you thought about how your taxes could affect your child’s financial future? Parents and…

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

8 Legal Ways in Which You Can Reduce Your Taxes

Did you know that you could save a significant amount with these credits and tax…

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 →
social security, Social Security task

Who Will Receive Social Security Payments on February 11, 18, and 25?

Tips for Beneficiaries for February 2026 If you receive Social Security benefits, here are a…

Read More →
tax deductions, save

Top 9 Most Hassle-Free Deductions on Taxes

Moving expenses Even if the majority of taxpayers have lost their ability to deduct moving…

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 →
climate

You Can Save $10K NOW With These Climate Tax Breaks

Renewable Home Energy Systems There is nothing more climate-friendly than the fact that you have…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Explore

  • Subscribe
  • Unsubscribe
  • Newsletter
  • Terms and Conditions
  • Do not sell my personal information
  • Privacy Policy
  • Contact

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.