Sentences with phrase «as spouses paying»

Some experts are predicting a surge in divorces this year as spouses paying alimony seek to take advantage of the deduction before it is eliminated.

By Debra Cassens Weiss Some experts are predicting a surge in divorces this year as spouses paying alimony seek to take advantage of the -LSB-...]

Not exact matches

A variation could be applied to dividends paid to spouses and adult children as well.

While both sides should have their own attorney, if you're the one asking for the prenup, Gilden suggests paying for your spouse's attorney as a good - faith effort.

Benefits paid to you as a spouse will not decrease your spouse's retirement benefit.

If you qualify and apply for your own retirement benefits and for benefits as a spouse, we always pay your own benefits first.

If you and your spouse plan to save for retirement, start a family or pay off existing debt, you'll want to budget for those goals as part of your monthly outflows.

Some plans may even allow you to take hardship withdrawals for less gloomy situations, such as buying your first home and paying for college expenses for yourself, your spouse, or your children.

Benefits paid to a surviving divorced spouse who meets the age or disability requirement as a widow or widower won't affect the benefit amounts your other survivors will receive based on your earnings record.

But the Revised Pay - As - You - Earn Repayment plan does not and would count both spouse's income even if you file separately.

In some cases, payouts might continue to your spouse, but not be paid out to other beneficiaries, such as children.

As Criminal Probes of JPMorgan Expand, Documents Surface Showing JPMorgan Paid $ 190,000 Annually to Spouse of the Bank's Top Regulator

So they can take your home and stuff (even if it's in both names of you and your wife) if you can't pay (and after they take the house and stuff then govt will pay), and then if you don't plan correct if one spouse needs to be placed in a nursery home than the other one may be without a home as I have read some places that they can take it (but I do still need to do research).

Think about it this way: Using the average individual benefit of $ 1,341 per month in 2016, finding a similar investment paying the same amount for as long as you live, with inflation adjustments and survivor benefits for your spouse, would cost nearly $ 450,000.

The simplest explanation of this rule is this: the biggest Social Security check in the family is a 100 % «joint - and - survivor» benefit, meaning that large check keeps paying as long as either spouse is living.

As a result of the shutdown, military death benefits will not be paid to soldier's spouses.

Looking for a ideal life spouse mustn't be your homework or mania, as it commonly occurs while using paid dating sites.

An eligible rollover distribution on behalf of the surviving spouse or beneficiary of a deceased participant whereby all accrued benefits, plus interest and investment earnings, are paid from the deceased participant's account directly to an eligible retirement plan, as described in s. 402 (c)(8)(B) of the Internal Revenue Code, on behalf of the surviving spouse;

If you qualify and apply for your own retirement benefits and for benefits as a spouse, we always pay your own benefits first.

As a Certified Financial Planner, Hutchinson has seen this real life Michelle and Robert situation, when a client's finances were affected because the spouse who had agreed to pay the remainder of the loan in her name became unhappy with the rest of the divorce process and stopped making payments.

Consider naming the person who would be responsible to pay off your loans in the event of your death (i.e. co-signer, spouse, etc) as the beneficiary of the policy so that they can receive the cash directly from the insurance company.

on death, the balance may be paid as a lump sum to a designated beneficiary, used to buy a further pension for a surviving spouse or may continue as a reversionary pension.

The one con would appear to be that we can not use our own HSA accounts to pay for our spouse's expenses as they are not family plans.

Someone other than you, your spouse, or your dependent (such as a relative or former spouse) may make a payment directly to an eligible educational institution to pay for an eligible student's qualified education expenses.

For most Canadians (excluding those with low incomes and those with high incomes, whose OAS benefits are clawed back), «there is no OAS survivor pension because 50 % of the couple's OAS pension is already paid to the surviving spouse and will continue for as long as he or she lives.»

As of now, my spouse and I have been using our RRSP refund to pay down our mortgage.

On the other hand, if you've just purchased a home with your spouse, you might consider a decreasing term policy (since your mortgage balance decreases over time as you pay it off) with a death benefit equal to the size of your outstanding loan.

When your spouse does not need to pay German income tax, then you are counted as if you were not married and...

Your spouse may see no issue with a $ 5 / day latte habit whereas you see it as a lost opportunity to pay off debt.

If you don't really need to spend the money distributed from your Inherited IRA for your household expenses (your opening statement that your income for 2016 is low might make this unlikely), and (i) you and / or your spouse received compensation (earned income such as wages, salary, self - employment income, commissions for sales, nontaxable combat pay for US Military Personnel, etc) in 2016, and (ii) you were not 70.5 years of age by December 2016, then you and your wife can make contributions to existing IRAs in your names or establish new IRAs in your names.

Just like Pay As You Earn Repayment Plan, for married people, your spouse's income or loan debt will be considered only on the condition that you file your taxes jointly.

But for Revised Pay As You Earn Repayment Plan, your wife will not be included in your family size if your spouse's income is not included in the calculation of your payment amount.

Joint accounts are those where both spouses are listed as account holders and where each spouse has a duty to pay for debts incurred on the credit card regardless of which person made the purchase.

Under Pay As You Earn Repayment Plan, Income - Based Repayment Plan and Income - Contingent Repayment Plan, your family size always include your spouse.

For example, a child or spouse designated as your beneficiary could use the payout for your funeral, arranging travel for relatives, or even paying off a small loan.

If there's a written agreement such as a court decree and the paying spouse has a high credit rating, that helps.

And if the beneficiary were the owner's spouse, he / she could keep from paying tax on that gain for as long as desired.

These policies offer much lower premiums as the death benefit is paid out on the passing of the second spouse (i.e. if you die, the death benefit is held until your spouse also dies).

because as far as i know if something happens to me it goes to my spouse taxe free but if something happens to my spouse, my kids will pay 50 % MTR wich is more then my present and probly future MTR

For most married couples, applying for credit while including the other spouse's income doesn't cause any ill effects as long as they stay married and handle the credit responsibly by paying the balance off each month.

The good news is that, as a self - employed taxpayer (or their spouse or partner), you actually have until June 15, 2018 to file your return; however, any taxes owing for 2017 must still be paid by April 30, 2018 to avoid non-deductible arrears interest, charged at the current prescribed rate of 6 per cent.

Realize that both you and your spouse will occasionally overspend, even as you try to pay down your debt.

As icing on the cake, an IDGT may be set up so that the grantor authorizes the use of trust income to pay life insurance premiums on the grantor's or the grantor's spouse's life.

− All regular pay, special pay and allowances of a member of the armed forces who is the borrower or spouse whether or not that family member lives in the unit − All rental income, regardless if using to qualify, must always be considered when calculating total household income for program eligibility as follows:

Can anyone comment on whether this is a reasonable interpretation of the meaning of «alimony,» and / or explain how the IRS might view it if the alimony - paying spouse submitted a tax return as «Married Filing Singly» reporting the alimony paid as a deduction from taxable income?

If your total withholding — including your spouse's and any W - 2 withholding you have (as in the case where you work as an employee in addition to your self employment)-- meets or exceeds 100 % of your previous year's total tax liability, you don't have to pay estimated taxes this year.

Both will benefit from the extra interest that will be paid in the respective accounts and there is peace of mind as the spouse will have her or his own source of retirement payouts.

If, as part of a payment split, you pay a proportion of the super income stream payments from your retirement - phase super income stream to your former spouse

Certain other dissolution related obligations, such as payments to others, hold harmless provisions and property settlement obligations, are not dischargeable if the debtor has the ability to pay them and the detriment to the spouse outweighs the benefit of the discharge to the debtor.

Since my spouse is attending university and we plan to buy a house within 5 years, I have access to 45K from my RRSPS without penalty, tax free * (I do however, have to pay them back within 10 years or else I must declare them as income).