Stop the Tax Bracket Creep
Business owners often overlook the 'Bracket Creep' that follows the loss of a spouse.
If you move to 'Single' filing too soon, you may find your income taxed at a significantly higher percentage, even if your earnings haven't increased.
Here is how to use 'Bracket Protection' as a buffer:
- Joint Rates: QSS status lets you use 'Married Filing Jointly' tax tables for two years.
- Bucket Retention: It keeps more of your income in the 10%, 12%, and 22% buckets.
- Wealth Preservation: It prevents the 'tax penalty' often associated with widowhood.
Watch the full podcast episode for more details: https://youtu.be/pU07ry-tg2A
DISCLAIMER: This content is for educational purposes only and should not be considered personalized financial advice. Always consult with a qualified financial professional before making financial decisions.