Sentences with phrase «while married couples filing»

For 2017, single taxpayers are allowed a standard deduction of $ 6,350, while married couples filing a joint return are allowed a deduction of $ 12,700.

But by claiming a tax break known as the Saver's Credit, singles and heads of households who contribute to a 401 (k), IRA (traditional or Roth) or similar retirement account may qualify for a tax credit of as much as $ 1,000, while married couples filing jointly may be able to snag a credit of up to $ 2,000, in effect making the federal government a partner in building your retirement nest egg.

Not exact matches

Married couples have even more opportunities for increasing the amount they'll collect over their joint lifetime by engaging in various claiming strategies, such as the older spouse filing and suspending his or her benefit at full retirement age so the younger spouse can collect spousal benefits while the older spouse's benefit continues to grow.

While most married couples file jointly — approximately 96 percent do each year — a joint return is not always the most beneficial way to boost your refund.

A couple is married and files jointly and wants to convert as much of their assets as possible to a Roth IRA, while keeping their taxable income under the top of the 15 % tax bracket.

Essentially, married couples seeking to separate can show up at the law firm, pick up a $ 10 gift card for lunch at McDonald's or Starbucks and enjoy a final awkward meal together while the firm prepares a $ 699 divorce ($ 299 for the divorce, with the rest for filing, process and court fees).

While it is not advisable, most couples can marry within 36 hours of filing for a marriage license.