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Your email address will not be published.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

  • A cozy room with a vintage suitcase decorated with international stickers next to a sunlit armchair. 8 Countries Where Work History Can Combine With US Credits
  • An active retiree couple reviews a Southwestern map on a sunny wooden deck with distant hills in the background. 7 Mid-Size US Cities Seeing the Fastest Retiree Population Growth
  • A retired couple relaxes on a sunlit patio, holding coffee mugs next to a tablet showing a successful automated payment screen. 9 Bills Worth Automating First in a Retirement Financial Setup
  • A close-up shot of a debit card being declined at a grocery checkout terminal with vegetables in the background. 10 Signs Your Bank Has Flagged Unusual Account Activity
  • A warm, candid 35mm film photograph of a grandfather, mother, and young child sitting together on a living room sofa in soft afternoon sunli 10 Signs You Should Ask the SSA About Family Maximum Benefits
  • An older couple sitting at a wooden kitchen table with two distinct folders, reviewing documents in warm, natural light. 7 Signs You Should Keep Finances Separate in a Later-Life Marriage
  • An editorial gouache illustration of a winding pathway with milestone signs for ages 50 through 73, symbolizing the retirement journey. 7 Birthdays That Change Something Legally or Financially in Retirement
  • Gouache illustration of nine pathways leading from a single house to alternative retirement housing options. 9 Retirement Living Arrangements Beyond the Traditional House
  • A woman sits on her living room floor surrounded by shipping boxes, holding a receipt and reviewing a purchase for a potential return. 7 Store Return Policies Worth Knowing Before You Shop
  • A retired man in his late 60s working happily at a sunlit home office table with a laptop, notepad, and coffee. 10 Encore Careers Retirees Are Loving Right Now

Newsletter

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

Related Articles

tax deductions, change

10 Tax Deductions to Benefit From if You’re Self-Employed

As a self-employed person, you must handle your own taxes, or you can hire an…

Read More →
tax burdens stealth return

7 States With Largest Tax Burdens for Middle-Class Families

A concerned couple reviews financial spreadsheets in their kitchen, reflecting the growing tax pressures facing…

Read More →
tax breaks for homeowners

7 Tax Breaks for Homeowners and Home Buyers

Owning a home is a key part of the American Dream. Whether you fancy a…

Read More →
Risograph illustration of an hourglass with golden sand representing retirement funds, with a calendar pointing to age 73.

Why Your Required Minimum Distribution Might Be Bigger Than You Think

Discover why your required minimum distribution might be larger than expected and learn practical tax…

Read More →
retirement

10 Ways to Cut Down on Taxes in Retirement

Retirement is meant to be easy, but with inflation rising, the overall situation is more…

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 →
tax tricks

8 Tax Tricks Rich People Use—and They Work!

Professionals brainstorm financial plans over coffee and pastries, unlocking the tax-saving secrets that help the…

Read More →
check, tax your social security

You’re Free! These 5 States Won’t Tax Your Social Security

5. Florida The Sunshine State has been one of the top spots for retirees over…

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 →
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.