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Benzinga
Benzinga
Business
Shomik Sen Bhattacharjee

Retirees Often Face Higher Taxes After A Spouse Dies: Steps To Avoid 'Survivor's Penalty' From The IRS

IRS Medicare Social Security
shutterstock_664197991

Losing a spouse can deliver a second blow after grief, which is a higher tax bill. Financial planners warn that the so-called "survivor's penalty" can sharply raise lifetime taxes if couples don't plan.

How Filing Status Change Drives Higher Taxes

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