Search results
Results from the WOW.Com Content Network
A stepped-up basis can be higher than the before-death cost basis, which is the benefactor's purchase price for the asset, adjusted for improvements or losses. Because taxable capital-gain income is the selling price minus the basis, a high stepped-up basis can greatly reduce the beneficiary's taxable capital-gain income if the beneficiary ...
Here’s a step-by-step guide: Contact the SSA : Notify the Social Security Administration of your spouse’s death as soon as possible. You can do this by phone by calling (800) 772-1213 or in ...
A stepchild, grandchild, step-grandchild or adopted child Parents of the deceased, 62 or older, who were dependent on the deceased for at least half of their support
Taxes can be complicated, even moreso in the unfortunate event that your spouse passes away. According to the U.S. Census Bureau, 117.6 million or 46.4% of U.S. adults are single -- nearly every ...
A surviving spouse may receive a lump-sum death payment in the amount of $255 if they meet certain qualifications. In general, the surviving spouse must have been living in the same household as ...
Inherited IRA rules: 7 key things to know 1. Spouses get the most leeway. If someone inherits an IRA from their deceased spouse, the survivor has several choices of what to do with it:
Wages of an employee working for one's spouse are exempt from federal unemployment tax [5] Joint and family-related rights: Joint filing of bankruptcy permitted; Joint parenting rights, such as access to children's school records; Family visitation rights for the spouse and non-biological children, such as to visit a spouse in a hospital or prison
A surviving spouse, even if they are not old enough to collect Social Security benefits, should check in with the Social Security Administration as soon as they can after the death of their partner.