Married Couples Face a Tax Trap When One Spouse Dies. Here’s the Fix
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The post Married Couples Face a Tax Trap When One Spouse Dies. Here’s the Fix appeared first on 24/7 Wall St..Married couples plan their retirement as a pair. The tax code does not. The year after one spouse dies, the survivor files as a single person, and almost everything about the return gets worse at once: the standard deduction is cut in half, the extra deduction for being over 65 is cut in half, the new $6,000 senior deduction is cut in half, the brackets compress, and more of Social
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