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0.00101058710298354 -0.00028873917228105 -0.0011549566891242 -0.00011068334937438 0.00259865255052932 0.00125120307988446 0.00298363811357076 0.00209335899903755
Stock impact report

8 Hidden Tax Penalties of Married Filing Separately [Yahoo! Finance]

WOLTERS KLUWER S/ADR (WTKWY) 
NASDAQ:AMEX Investor Relations: wolterskluwer.com/investors
Company Research Source: Yahoo! Finance
Before choosing it, it's important to understand the hidden penalties that can quietly shrink deductions, erase credits and push your tax bill higher Check Out: 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth Read Next: 9 Low-Effort Ways To Make Passive Income (You Can Start This Week) Filing separately often leads to unexpectedly high tax bills because income thresholds shrink dramatically. As Christopher Stroup, CFP and owner of Silicon Beach Financial , explained, married filing separately (MFS) “triggers higher tax brackets” because “many income thresholds are cut in half,” pushing taxable income upward much faster than most couples expect. That compressed structure means the MFS brackets are roughly half the size of those for joint filers. Mark Luscombe, principal analyst for Wolters Kluwer Tax & Accounting, said that almost always leads to higher overall taxes “unless each spouse's income is the same.” For dual-income households or couples with uneven ea Show less Read more
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