Choosing a tax status can be harder than it looks, especially if you’re new to taxes or if you’ve had a recent life change, ...

Learn how the survivor’s penalty can raise taxes after a spouse dies and what widows and widowers can do to reduce the hit.

The ‘survivor’s penalty’ can hit retirees after a spouse dies. But the impact could be smaller than expected, experts say.

It's of course very difficult to lose your spouse — and some survivors may also have to deal with the shock of higher taxes after their wife or husband dies. That's because after a partner's death, ...

Your yearly tax filing journey begins with one question: Are you Single, Married filing jointly, Married filing separately, Head of Household or a Qualifying Surviving Spouse? Your answer can cost you ...

With another tax filing season around the corner, I reached out to Senator Tammy Baldwin and asked her the following question: Why are widows and widowers penalized by the federal tax code?

For federal income tax purposes, your marital status is determined under state law as of the last day of the calendar year. That matters when choosing your filing status. Your filing status is one of ...

A married couple, both 70, sitting on $1.8 million in combined traditional 401(k)s and $32,000 a year in combined Social Security, runs the joint-filing numbers and concludes their tax picture looks ...

We break down the definitions and eligibility rules for the five IRS filing statuses to help you maximize your refund this tax season. Dawn Allcot is a full-time freelance writer, content marketing ...