Friday, February 21, 2014

An Updated Marriage Bonus & Penalty Tax Calculator

The Tax Policy Center writes: A couple suffers a “marriage penalty” if its partners pay more income tax as a married couple than they would have as two single individuals. Conversely, the couple receives a “marriage bonus” if its partners pay less income tax as a married couple than they would have as two single individuals. This calculator lets you see whether couples in particular situations receive tax penalties or bonuses from marriage. For more information on marriage penalties and bonuses, see this TPC Tax Topic.

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