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Would you have to file income taxes or property taxes if you make money from blogging?
Additional Details
And are underage (under 18)... |
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I am going on a (pleasure) holiday to America again some time soon and was wondering whether I have to pay tax on things i purchase there (i.e. DVDs).
i recall an American woman buying a t.... |
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| We recently got a letter that they where garnishing 25% of my husbands checks and we were wondering since they are already taking money from his checks can they take money from our tax return also? <... |
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 Hello can you help me add tax to my avon products? |
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M K | If I get divorced, will my husband's social security benefit be income tax free? |
I'm 14 years younger than my husband. He'll be eligible, in about 2 years, to begin collecting a reduced social security retirement benefit. Since he's self-employed in the construction business (and, due to the economy, pretty much UN-employed, lately), this income would be nice. Plus -- I'm thinking he should collect before the trust is bankrupt. BUT I make a fairly good wage, and I think my income will cause his social security benefit to be at least partially taxed. IF WE DIVORCED but continued to live together, would that eliminate the consideration of MY wages in determining if HIS benefit is taxable? |
 |
 
wartz
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It will be taxed just the same as any other social security benefit. |
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Judy1
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There have been cases where the IRS has considered a divorce to be a sham and refused to recognize it - this happened particularly when the "marriage penalty" was still huge and some people got divorced in December so they could file as single, then remarried in January, and were dumb enough to get featured in the media over what they were doing.
But what you are suggesting would most likely slide under the radar. But be sure you know the things you'll LOSE by no longer being married - it might not sound like such a good idea any more. |
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ninasgramma
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Suppose you stay married, your husband collects $1K a month in benefits, and you file a joint return. The worst case is that 85% if his $12,000 benefit is taxed. If you together are in the 15% bracket, this amounts to tax of $1,530 per year.
If you are no longer married, your income will not be considered in figuring the tax on his benefits. If you divorce only to avoid taxes, the IRS considers it tax fraud.
If you want to collect the money but avoid tax and maintain your income, you can increase your retirement contributions to reduce your taxable income. Also, your husband could continue to make a little money (about $13,000) until his full retirement age and not have a further reduction in his benefits.
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all_smiles
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Your income has NO BEARING on taxation of HIS SS retirement benefit. Stay married. |
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xtraheavy01
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MK,
IF WE DIVORCED but continued to live together, would that eliminate the consideration of MY wages in determining if HIS benefit is taxable?
If you divorce before the end of the year, then you would file Single and he would file Single. Two separate tax returns. His social security would probably not be taxable. |
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v b
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Somehow I don't think you've run an actual tax return with the numbers.
1. The social security income won't be 100% taxable.
2. The MFJ tax brackets are twice the size of single brackets so over all your taxes should be lower. |
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bud68
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That would be a foolish reason to divorce. You lose a lot more if you are no longer married. Think about your estates and inheritance. |
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txsmalltownboy
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NO its still taxable. |
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