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re: Does Anyone Else Suffer from Marriage Penalty?
Posted on 1/8/16 at 11:38 am to LeonPhelps
Posted on 1/8/16 at 11:38 am to LeonPhelps
A married couple has the option to file separately. It would most likely be disadvantageous for them, but people are ignorant.
In your unsourced non-specific example, there are more cases where the credit gets to be favorably applied against another spouses income, where without marriage it wouldn't.
In your unsourced non-specific example, there are more cases where the credit gets to be favorably applied against another spouses income, where without marriage it wouldn't.
2
Posted on 1/8/16 at 11:56 am to schexyoung
quote:
A married couple has the option to file separately. It would most likely be disadvantageous for them, but people are ignorant.
In your unsourced non-specific example, there are more cases where the credit gets to be favorably applied against another spouses income, where without marriage it wouldn't.
While I do my own taxes every year just using the forms from the IRS (no Turbo Tax), I am not married. So I am only going off what I recall from a class over a decade a go. You sound like you probably deal with taxes more than I do. I just recall marriage penalty being an issue.
Posted on 1/8/16 at 12:13 pm to schexyoung
quote:
A married couple has the option to file separately. It would most likely be disadvantageous for them, but people are ignorant.
In your unsourced non-specific example, there are more cases where the credit gets to be favorably applied against another spouses income, where without marriage it wouldn't.
There is a marriage bonus and a marriage penalty. The marriage penalty applies when the married couple makes similar amounts of money. The bonus applies when they make drastically different amounts. At a certain point, though, the government says, "frick it, you make a lot of money. You'll be treated as if you both make the same amount." Despite the fact that my wife makes over $100k more than me. Yes, Boohoo.
In any case, you can Google it just as easily as I can. Filing separately does frick all for it.
This post was edited on 1/8/16 at 12:16 pm
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