Tying the Knot?  Marriage Tax Benefits & Penalties Explained


The marriage tax penalty is usually useless. Long dwell the wedding tax profit.

Married {couples} typically share many issues: a house, a mattress, and tax brackets. Until 2018, {couples} have been typically squeezed into joint tax brackets lower than twice the only measurement. That was dubbed the wedding tax penalty and was typically erroneously thought to negatively impression all married {couples}. A false assumption was that every partner had equal earnings, and consequently the couple wanted twice the only tax bracket to keep away from a punitive squeeze.

Source: www.thestreet.com