Thursday, March 5, 2015

If You Are Retired or Older Check Your Taxes Before Getting Married

If you are retired or receive 1099Rs or Social Security (SSA-1099) check before getting married. Not only will you know if either has any tax liabilities you can keep separate but often one spouse is making regular income while the other receives tax free social security. By getting married, the social security then becomes taxable. Sometimes, its financially better to be single and just in love :)

No comments:

Post a Comment