Sentences with phrase «earning spouse who»

There is good news for the lower - earning spouse who is worried about receiving her share of the 401k or pension.

Similarly, a wage - earning spouse who marries a non-working spouse will immediately see a tax benefit.

Lower - earning spouses who claim their own Social Security benefit before full retirement age take a cut of as much as 25 %.

Not exact matches

The bulk of these breadwinner moms — 8.3 million — are either unmarried or are married and living apart from their spouse.19 The remaining 4.9 million, who are married and living with their spouse, earn more than their husbands.

Prof. Wolfson and co-author Scott Legree of the University of Waterloo have now completed a new report, called Private Companies, Professionals and Income Splitting, to consider how much income is flowing from CCPCs to spouses or adult children who are living at the same address as the company owner, which could indicate a tax - reduction strategy by splitting income with lower - earning family members.

The rules define an «Accredited Investor» as anyone who earned income that exceeded $ 200,000 (or $ 300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, or has a net worth over $ 1 million, either alone or together with a spouse (excluding the value of the person's primary residence).

Some Christians continue to characterize fathers who share parenting responsibilities or stay at home with their children as «man fails» and «worse than unbelievers,» instructing women to intentionally avoid earning more money than their husbands, even if it is less practical for their family to do so, or else they will injure their spouse's ego.

Similarly, working mothers with a college education are more likely than those who have not finished college to say that they out - earn their spouse or partner (23 % vs. 8 %).

Does that mean anyone who works the governor can't earn outside income or their spouses?

These numbers were slightly skewed by the fact that two white members had spouses who earned north of $ 2 million, but even if they're completely removed from the data, the new total of $ 61,807 is still double that of both Latinos and African - Americans.

This is a false statement, as all county employees (including his wife and he himself as her spouse) who earn health insurance benefits will receive 50 % of their health insurance costs covered under MVP Gold (which is not the same insurance that current county employees receive) upon retirement and 10 years of employment after reaching the age of 55.

However, new spouses who graduated from college before getting married typically earn more money than those who did not and can invest in their health by purchasing such things as a gym subscription or healthier, more expensive foods.

If you make contributions to a complying superannuation fund or a retirement savings account (RSA) on behalf of your spouse (married or de facto) who is earning a low income or not working, you may be able to claim a tax offset.

The general idea is to shift assets to the lower - earning spouse, who can withdraw more in retirement at a lower tax bracket.

A Spousal IRA is designed to allow a married person to make an IRA contribution for their spouse who may not have earned income.

If one spouse earns significantly more money per year than the other, filing jointly at tax time can bump the one who earns less into the favorable income range for these investment accounts.

Available to Tower members who receive earned income and non-wage earning spouses of Tower members

The only exception is a spouse who is married to someone with a job, who would then be eligible for the so - called â $ œspousal IRA.â $ This also means that a kid who is earning money can contribute to an IRA (though it's a bit more complicated, since it might take more work to document something like babysitting income).

And forgive me for mentioning this, but your own death may cause your retirement account to be taxed at a higher rate, whether you leave it to a surviving spouse who has to file single or to beneficiaries in a younger generation who may be faced with required minimum distributions during their peak earning years.

Other circumstances: Do you have a spouse who will be earning significant pension income in retirement?

The California income is reported in Iowa 100 % by the spouse who earned it.

Everyone who earns a paycheck is eligible to contribute to an IRA — and a spouse is eligible to contribute, too, even if he or she has no income.

It had become apparent to FICO that the price for discouraging piggybacking abuse by a relative few would be the denial of honestly - earned credit history for millions of legitimate authorized users — most often the spouses of primary cardholders — who use and manage these accounts no differently than those in the primary role.

If you do have that person that makes a lot less income or no income, make sure you don't miss out on IRA and Roth contributions because that person who doesn't earn anything can actually qualify for the working spouse's income and a lot of people miss that opportunity and go years without contributions that they were eligible for.

The Federal spouse who joins FERS earns Social Security credits.

As long as you have earned income (or a spouse who earns income), you can put money into a Roth.

And if one spouse does not have significant earning power and can not realistically pay back the student loan debt, then that will also be considered as part of the calculation of who should be paying back the student loan debt.

Your spouse who is either a full - time student or not able to care for himself or herself is treated as having earned income.

A spousal IRA — funded for a spouse who earns little or no income — offers an opportunity to help keep the retirement savings of both spouses on track.

IRS rules allow a working spouse to contribute to an IRA for a spouse who earns little or no income.

Thus, some participants in workplace plans who earn too much to deduct an IRA contribution for themselves may still be able to deduct an IRA contribution for a nonparticipating spouse.

If you have a non-wage earning spouse (i.e., one who received no compensation during the year) and file a joint return, that spouse can open a separate IRA.

What this means is that all of the frequent flyers who had been earning miles / points through credit card spend using Amazon Payments to send money to their spouses for goods and services (wink, wink), would no longer have this option.

I'm talking about those other people over there, the ugly ones who earn less money, marry lower - earning spouses, get offered worse deals on mortgages, and basically get hosed throughout life to the tune of about $ 230,000 in lost lifetime earnings according to some studies.

Income earned after service of a divorce petition is the separate property of the spouse who earns it.

[69] The burden of economic costs being a shared one, it can be misleading to represent it as simply being borne by the spouse who does not earn an income.

Courts may even award alimony to a spouse who desires to further his or her education in order to enhance their future earning potential.

Whether you are an active or retired service member or a member of the Reserves or National Guard, or married to someone who serves or has served, the military pension you (or your spouse) has or will earn is one of your most important assets.

If you are the spouse who may be entitled to receive spousal support, knowing that your ex has the potential to earn more money in the future could be a strong bargaining tool in getting the best deal that you can get.

It can give a spouse who holds a lower earning capacity the ability to retain financial stability if a divorce takes place.

A Hawaii court might order temporary support after a divorce is final for one of two basic reasons: to assist a lower - earning spouse with the adjustment to a less expensive lifestyle, or to assist a spouse who needs time and financial assistance to complete education or training before becoming appropriately employed.

In some situations, a court might award temporary alimony payments as reimbursement to a spouse who supported the family while the other spouse got a degree to increase earning potential.

Calgary Interim Spousal Support Lawyers know that these initial Calgary interim spousal support awards can be too high or too low because the court could not assess self sufficiency or the correct incomes of self employed persons on incomplete or disputed evidence or decide who was right on hotly contested issues of what each spouse really earned or what their real expenses were monthly.

«We often have arguments about whether or not one spouse works to his or her maximum earning capacity,» said Alexandra Mussallem, a San Rafael divorce lawyer who said she has twice sought FasTrak logs.

Reimbursement alimony compensates a dependent spouse who supported the family while the other spouse earned a professional degree or built a successful family business.

«I think there's generally an acceptance that the spouse who earns more will pay more toward the bills,» says Andrew Comstock, CFA and president of Castlebar Asset Management LLC in Leawood, Kansas.

Your SSDI payment may also be taxed, especially if you have a spouse who still earns money.

The need for Term Life coverage applies equally to income - earning spouses, and there are strong arguments for acquiring life insurance for a partner who is not drawing an income as well.

I bet there is hardly any earning spouse or parent who will deny the fact that they love their spouse, parents, siblings and children, and own up the responsibility to make sure they are all taken care of as long as required.

If the breadwinner of a family passes away, most spouses who remain and other remaining family members can often earn enough money to provide for the family without sacrificing their currently lifestyle, if the mortgage is paid off.