Sentences with phrase «earning spouses work»

For spousal support, mental health issues come into consideration in Virginia in terms of whether they impact the ability of the party requesting alimony to work or the limitations on the higher earning spouses work.

Not exact matches

Here's how it works: The higher - earning (first) spouse files for benefits at full retirement age, enabling the other to file for spousal benefits as early as age 62 — which, again, amounts to half of what the first spouse is entitled to.

The other has two working spouses earning $ 40,000 each.

One has a working spouse earning $ 80,000 a year and one stay - at - home spouse.

Historically, spousal benefits were designed to be paid only to the extent they exceeded any benefit the spouse earned based on his or her own work record.

But the total amount contributed by both spouses can't exceed the amount of income earned by the working spouse or the IRS limits, whichever is less.

If one spouse does not work or does not earn enough to max out IRA contributions, the higher - earning spouse can contribute on the lower - earning spouse's behalf.

An active volunteer, Candace has earned awards for her work with military spouses (during her husband's deployment to Iraq), at - risk youth, and the local historical society.

About half (51 %) of college - educated working moms say that their spouse or partner earns more than them, and 25 % say that they earn about the same amount.

Only 26 % of parents in households where both parents work full time say they and their spouses or partners earn about the same amount of money.

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 %).

Even so, 44 % of full - time working mothers in two - parent households say their spouse or partner earns more than they do; 32 % say they earn about the same amount.

In our 2011 BCCWF study of working fathers, 53 % of fathers «agreed» or «strongly agreed» when asked «If your spouse earned enough money to support your family's needs, would you consider being a stay - at - home dad?»

Many families «make it work» by having both parents earn incomes, while some are able to keep one spouse making money while the other cares for the kids.

Acknowledge that the working women — the carved out spouses, often earn $ 8 - 11 an hour and could not possibly afford to spend $ 2000 out of pocket.

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

It suggests that even if they can't satisfy the # 18,600 benchmark, they may be able to secure an application if the sponsor earns above the minimum wage, or if there is reliable «third party support», or evidence the spouse will work in the UK, or where children are affected.

«These dedicated spouses must be allowed to maintain their hard - earned professional licenses and certifications as they relocate and I will continue to work in Congress to move my legislation forward.»

On the other, they have to meet the demands of stressful work life as well, as they are the only earning parents in this case often without the support of a separated or deceased spouse.

If retiring teachers spend their last day on the job in a position covered by Social Security, such as janitorial or clerical work, they can get around limitations on federal retirement aid earned through their spouses and really clean up.

Rebecca Brandywyne spoke for many when she remarked: «the hard reality is that the vast majority of authors can not earn even a comfortable - much less a luxurious - living from their writing careers, and, unless they have access to other sources of funding (such as a working spouse, investments and dividends, or an inheritance), are frequently compelled to take other jobs as their primary means of financial support.»

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.

For example, if the higher - earning spouse in a couple stops working at age 65, the couple may drop into a lower tax bracket the following year.

Families where one spouse earns $ 100,000 and the other doesn't work would save $ 5,231 under the plan, according to estimates by the accountants at McLarty & Co..

AC: Your spouse works and you can claim their earned income, so forget that.

You might earn more money than your spouse, but you'll be awfully glad to have someone at your side when you're stuck at work and the Kindergarten is closed, your kids are ill or they need to go to the swimming classes.

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).

The amount of your benefits depends on the number of years you (or your spouse) worked and the amount of Social Security taxes you paid during your career, which is based on how much you earned each year.

Historically, spousal benefits were designed to be paid only to the extent they exceeded any benefit the spouse earned based on his or her own work record.

Answer: The money contributed to an IRA doesn't have to be earnings, necessarily, but your friend or his spouse must have income earned from working to make an eligible contribution.

But the total amount contributed by both spouses can't exceed the amount of income earned by the working spouse or the IRS limits, whichever is less.

For instance if you and your spouse earned an annual salary of $ 63,000 each working in the public sector, and you both retired at age 65 after working for 35 years, you can expect to live like royalty when you retire.

If you are married and have a spouse that stays at home then the chance to earn and save more will obviously go way up when your spouse returns to work.

So if both spouses will be older than 50 at the end of 2013, the working spouse would have to earn taxable income of $ 13,000 or more to make two maximum IRA contributions ($ 12,000 if only one spouse is age 50 or older at the end of 2013, $ 11,000 if both spouses will be younger than 50 at the end of the year).6, 9

But even if you don't, let's say you're retired and your spouse is working, you can utilize your spouse's earned income to contribute to your own Roth IRA.

You can still file and suspend your own benefits, and earn Delayed Retirement Credits until age 70, but your spouse, or other family members, can not collect on your work record while your benefits are suspended.

My spouse does not live, work or earn money in the USA, so he doesn't pay US taxes.

I don't wish to work more just to give my hard earned wages to my spouse.

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.

For example, federal law allows a working spouse to make an IRA contribution on behalf of a spouse without earned income, effectively doubling the maximum IRA contribution (the working spouse can put in $ 5,500 for themselves [or $ 6,500 if over age 50] plus $ 5,500 [or $ 6,500] on behalf of their spouse).

You can contribute as long as you're earning income (or your spouse is), even if you work part - time.

If your spouse works during that month, use the higher of $ 250 (or $ 500) or his or her actual earned income for that month.

Still, many lower - income - earning spouses do return to work, even if their entire salary goes to pay for daycare.

But a working spouse can contribute up to $ 5,500 of his or her earned income to an IRA for a nonworking spouse in 2017.

For the 2017 and 2018 tax years, an individual with earned income (from wages or self - employment) can contribute up to $ 5,500 to his or her own IRA and up to $ 5,500 more to a spouse's IRA — regardless of whether the spouse works or not — as long as the couple's combined earned income exceeds both contributions and they file a joint tax return.

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

A part - time earning capacity may be appropriate when a parent or spouse has historically worked part time and has not refused work or developed other marketable skills.

The person or people at fault for injuring you may be required to pay for your past and future medical expenses, the time you lose at work, your motorcycle or any other property that was damaged, the cost of hiring someone to do your household chores during the period when you can't do them (estimated through your lifetime, if you suffer a catastrophic injury), permanent disfigurement, loss of enjoyment, emotional distress and the adverse impact on your spouse, and any change in your future earning ability.

It's entirely reasonable, for instance, that spousal support would be permanently payable for a couple leaving a long - term, traditional marriage of the Leave it to Beaver variety, in which the dependent spouse has sacrificed her career and employability to manage and nurture the family while the payor worked outside the home supporting the family and incidentally improving his earning potential.

The victim's family, which only includes the spouse, children and issue of deceased children, can also recover for the economic loss or the loss of present and future income that the decedent would have earned over their working life.