HOW TO AVOID EXTRA TAXES WHEN YOU AVOID MARRIAGE by Paul Ferraresi

Even though same-sex couples can marry, they choose not to marry, as may opposite-sex couples.

You may decide to stay unmarried to avoid income tax burdens, or liability for back taxes and penalties on one partner.

A couple of key items when figuring income taxes:

• Married couples filing jointly can use capital losses to offset ordinary income only up to $3,000, or, $1,500 each if they file separately.

• An unmarried couple each filing separately can each use $3,000 offset or a total of $6,000.

• Unmarried couples may also be able to pay lower combined income taxes by having one partner file as head of household and the other file as unmarried taxpayer.

A few tax paying tips. It may not be romantic, but, these are the facts.

Watch my new FREE webinar, How To Double Your Social Security Benefits While Reducing Your Taxes By 80% In Retirement, take advantage of the free offer at the end.

Check out our other blog, the Wealthy Future Blog, to learn all the principles of Missed Fortune, as outlined by best-selling author, Doug Andrew. The articles, audio and video programs will provide information which you will find both enlightening and empowering!

You can also visit our website at Founders Group to learn more about how we can help you optimize your assets or provide you with any financial advice.

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