Sentences with phrase «lesser earning spouse»

Not exact matches

That is particularly relevant if your spouse earns less than you do, said Brett D. Horowitz, a wealth manager at Evensky & Katz / Foldes Financial in Coral Gables, Florida.

The data also shows that more women arrive in Canada as the spouses of economic immigrants or as non-economic newcomers or refugees and have lower employment rates and earn less than the average wage.

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.

When your spouse earns much less, you may be tempted to claim them as a dependent.

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.

Given the sharp rise in women's advancement in education and the impact this has on dual - career couples and their earning potential, women will be less likely to play the role of the «accommodating spouse» as it pertains to childrearing duties.

Women are overrepresented in low - paying jobs and earn on average 19.1 % less than their male counterparts in the same job, meaning they are unfairly disadvantaged if they have a foreign spouse.

In a lot of instances, she has chosen not to get married in the conventional processor has had to walk out of a marriage because her spouse happened to earn much less than she does, leading to constant fights and bickering.

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 were married filing jointly and earned less than $ 53,930 ($ 48,340 for individuals, surviving spouses or heads of household) in 2017, you may qualify for this tax credit, or even for a refund check.

The classic example is to compare a one - income family where the sole breadwinner earns $ 100,000 a year and is taxed accordingly, versus a family where both spouses earn a more modest $ 50,000 a year and are taxed relatively less.

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.

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.

GIS is currently available to Canadians earning less than $ 17,784 per year, and for couples with joint incomes under $ 23,520 (if your spouse / common - law partner receives the full Old Age Security pension).

If you are a homemaker, or earn less income than your spouse, it may make sense to get legal representation.

Both spouses can contribute the full amount as long as the couple earns $ 159,000 or less in 2008 and $ 166,000 in 2009.

With income splitting, the higher - earning spouse has less tax taken off at the top marginal rate, and more of the income for the couple as a whole is taxed at lower rates, resulting in an annual saving of $ 8,600 in income tax.

You can receive full deduction on your 2016 tax return if you're filing single and earn $ 65,000 or less, or if you're married and file jointly with your spouse and your combined income is $ 135,000 or less.

If your spouse earns less than $ 37,000 pa and you make a contribution to their super, you can claim a tax offset equal to 18 % of the contributions, up to $ 540.

If the one spouse loses their income, earns less or suddenly gets a major income, how will that affect their responsibility to joint expenses?

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.

As a general rule, you are limited to a maximum of $ 3,000 for one child and $ 6,000 if you are claiming the expenses for two or more dependents, or the earned income of the spouse having the lowest income, whichever is less.

IRA deductions: If your combined earned income for the tax year is less than $ 10,000 on a joint return ($ 1, 000 additional for each spouse, if over the age 49), you can not use this system.

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.

Whichever spouse has lesser earning capacity and less property may be entitled to a bigger share of the marital property, because the other spouse will have an easier time making a fresh start.

Courts may issue orders awarding temporary spousal support if one spouse is unemployed or earning significantly less than the other.

The court will consider the educational level of each spouse, whether family responsibilities resulted in an interruption in education / training or employment, the earning capacity of each spouse, and the time and expense needed for the lesser - earning spouse to acquire sufficient education or training.

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.

Presently, in California, the more time the higher earning spouse has with the children, the less that parent pays in child support.

Our experienced Vancouver imputed income lawyers know paying spouses can not work beneath their earning capacity to pay less support nor can recipient spouses refrain from retraining or working to get more support.

Example: One carrier may follow the guidelines that state if the income - earning spouse has $ 3 million or less of life insurance coverage, they will approve the stay - at - home parent for the same amount.

Under this plan, the Sum Insured for a non-earning spouse will be 50 % of the earning member or Rs 1 lakh, whichever is less.

Presently, in California, the more time the higher earning spouse has with the children, the less that parent pays in child support.

Thus, under the new tax rules, less alimony would likely be paid to correct for the loss of the tax deduction by the higher earning spouse.

If your spouse wants to use the van to start a home - based business and earn an income, then you, realizing that you may be paying less support, may agree to give up the van.

Child support is an obligation of both parents, so sometimes the mother in this situation will pay child support to the father for the child he has, and vice-versa, or the respective support obligations are offset with the higher income - earning spouse simply paying the difference of the parties» respective support obligations to the lesser - earning spouse.

It's restricted to spouses who do not have children, who do not own any real estate, have less than $ 10,000 in assets and who collectively earn less than $ 35,000 a year.

However, being the breadwinner (i.e., earning more than a spouse) was associated with men being more likely to cheat; the opposite was true for women — they were less likely to cheat when they made more money than their husbands.

If the combined income of the couple is less than $ 75,000, as of 2012 state law, the court will usually award temporary maintenance if one spouse earns a lot more than the other spouse.

Child support will be required by the parent who gets primary physical custody, while spousal support may be needed if one spouse earns significantly less than the other.

A higher - earning spouse is required to pay the lesser - earning spouse a monthly payment equal to 40 percent of the difference between their wages if there are no children, or 30 percent of the difference between their wages minus child support payments.

Income supplement or replacement for a spouse who earns less than his or her marital partner.

It is intended to supply a means of living to the lesser - earning spouse until and unless that person gains an independent means of support.