Widow’s Penalty

by | Apr 17, 2024 | General

If your spouse dies, you are suddenly moved from married filing jointly to a single tax return. Not only do you lose the benefits from the joint return, but all that money that was shared between two people is now all yours according to Uncle Sam. And the government wants their share of it. The good news is this can be avoided, but you only have so much time to do something about it or you are left paying much more in taxes than you have to. We can help. Come in and tell us your situation. We will run it through our advanced software and talk about strategies for you.

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