Income Splitting.... How that is good!!
Hi All,
I heard about this new rule what it is
A person can assign part of his/her income to his/her spouse to a max of 50K if the other person is stay home person or work part time
this is done in order to reduce taxed of people who have children under 18 and help them
isn't it true the tax value is determined on the total family income? so how splitting income helps?
Thanks
I heard about this new rule what it is
A person can assign part of his/her income to his/her spouse to a max of 50K if the other person is stay home person or work part time
this is done in order to reduce taxed of people who have children under 18 and help them
isn't it true the tax value is determined on the total family income? so how splitting income helps?
Thanks