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If you're planning a wedding in the near future, or already walked down the aisle in 2021, you may be wondering how your new marital status will affect your income tax filings for April 15, 2022 ...
The Motley Fool: Death & Taxes: The Marriage Penalty; About.com: Marriage: The Marriage Tax Penalty Archived 2013-03-27 at the Wayback Machine; albuterol24.com : Marriage Affects Tax Archived 2022-01-27 at the Wayback Machine; Tax Policy Center: Tax Topics: Marriage Penalty (TPC is a joint venture of the Urban Institute and Brookings Institution
Marriage penalties occur when the tax brackets, standard deductions, and other aspects of the tax code available to married couples aren't double those available to single taxpayers. Getting ...
An employee's combined elective deferrals whether to a traditional 401(k), a Roth 401(k), or both cannot exceed the IRS limits for deferral of the traditional 401(k). Employers' matching funds are not included in the elective deferral cap but are considered for the maximum section 415 limit, which is $58,000 for 2021, or $64,500 for those age ...
Indeed, there are tax advantages to matching contributions for the employer. For the folks who don't have a matching plan in place for their 401ks, I'd argue other accounts may take precedence for ...
The first legally-recognized same-sex marriage occurred in Minneapolis, [3] Minnesota, in 1971. [4] On June 26, 2015, in the case of Obergefell v. Hodges, the Supreme Court overturned Baker v. Nelson and ruled that marriage is a fundamental right guaranteed to all citizens, and thus legalized same-sex marriage nationwide.
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Employee contribution limit of $23,500/yr for under 50; $31,000/yr for age 50 or above in 2025; limits are a total of pre-tax Traditional 401(k) and Roth 401(k) contributions. [4] Total employee (including after-tax Traditional 401(k)) and employer combined contributions must be lesser of 100% of employee's salary or $69,000 ($76,500 for age 50 ...