Welcome Guest. Register Now!  


Social Security Social Security benefits and tax issues


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 08-16-2008, 01:07 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,397
Blog Entries: 3
Does the Social Security impose a Marriage Penalty when both spouses require?

There is some confusion and misconception that when a husband and wife retire the "Social Security imposes a "marriage penalty".

However, this is a myth and the Social Security Administration Department has stated that the Social Security imposes no such "marriage penalty" and as a matter of fact, when two members of a couple require, they are each entitled on their own earnings record.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 02-20-2013, 01:18 AM
Junior Member
 
Join Date: Feb 2013
Posts: 1
marriage penalty

The marriage penalty sometimes affects the amount of federal income tax older couples pay on Social Security benefits. So newlyweds and already-weds should be aware of the marriage penalty, where the tax implications of legal marriage mean paying more. Who will pay it modifications year-to-year, thanks to modifying tax codes, but there are ways to determine if that's coming down the pike. It could take money so “You can APPLY NOW for installment loans for bad credit" installment loan to pay for your taxes this year, especially if you just got married.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Social Security Tax on 2% S/H Health ins reported on form W-2 jkaigler S-Corporation 0 02-26-2008 10:49 AM
How to apply for Social Security Benefits? TaxGuru Retirement Planning 0 02-22-2008 02:26 PM
What is the Social Security Wage Base for 2008? TaxGuru For 2008 0 01-07-2008 01:41 PM
Are Your Social Security Benefits Taxable? Samatg General 0 02-13-2007 04:44 PM
Social Security benefits taxable? Paul Social Security 1 01-23-2007 12:59 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning