The shocking ‘widow’s tax penalty’ results in higher taxes on less income after your spouse dies — why you must plan for it now to prevent disaster

This change can significantly impact your taxes: you may face a lower standard deduction, a higher marginal tax rate, more of ...
SmartAsset on MSN

Standard Deduction for a Widow Over 65: Rules and Strategies

The standard deduction for a widow over 65 can be higher than that of the average taxpayer. This has the potential to lower your taxable income and reduce your federal tax bill. This is because widows ...
The Motley Fool

What Happens to Your Social Security Benefit When Your Spouse Dies? Every Retired Couple Needs to Know.

Workers and spouses become eligible for Social Security retirement benefits at age 62, but widow(er)s are eligible for survivors' benefits at age 60. Survivors' benefits let widow(er)s inherit their ...
The Motley Fool

What Happens to Your Social Security Benefit When Your Spouse Dies?

Workers and spouses are eligible for retirement benefits at age 62, but widows and widowers are eligible for survivors benefits at age 60. Survivors benefits allow widows or widowers to inherit their ...
NBC Chicago

There can be a ‘survivor's penalty' after a spouse dies — here's how to avoid it

It's of course very difficult to lose your spouse — and some survivors may also have to deal with the shock of higher taxes after their wife or husband dies. Stream NBC 5 for free, 24/7, wherever you ...
Forbes

Managing Your Partner's Debt After Loss: What Surviving Spouses Need To Know

Stacy Francis is the President and CEO of Francis Financial & founder of Savvy Ladies™, empowering women to achieve financial independence. When Margaret lost her husband, Ben, her world turned upside ...
InvestmentNews

Helping your clients understand survivors benefits

Eventually, your clients will need to discuss how their assets will be divided and distributed when the grim reaper comes knocking. You could say that this is what makes the least pleasant among all ...
Stars and Stripes

Senate approves expanding jobs program to surviving spouses of fallen troops

WASHINGTON — A job counseling program created for disadvantaged veterans would be expanded to provide free career services to surviving spouses of fallen service members under a Senate bill approved ...