Social Security Benefits for Widows & Widowers

What happens to Social Security benefits when a spouse dies? Let’s use an example of Bill and Ann Jones. Bill and Ann are both receiving Social Security benefits when Bill dies suddenly of a heart attack. Ann can keep her own Social Security benefit payment or she can claim a survivor benefit based on the[…]

Filing Status: Married Filing Jointly and Surviving Spouse

The amount of income tax you owe is partially dependent upon which filing status you qualify for.  Of all the filing statuses, married filing jointly is the most taxpayer friendly status.  The marginal tax rates are lower and the standard deduction is higher.  A joint return may be filed by a couple if they are[…]