marriage penalty
Spousal tax burden
A marriage penalty occurs when a married couple pays more in taxes filing jointly than they would as two single individuals.
The penalty typically affects couples with similar incomes whose combined earnings push them into higher tax brackets.
The opposite situation, where marriage reduces taxes, is called a marriage bonus.
They delayed the wedding until January to avoid the marriage penalty for that tax year.
- taxMandatory public revenue charge
- tax codeLaws governing taxation
- bracketSupport or category
- income taxGovernment charge on earnings
- filingStoring documents systematically
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- family taxeschild tax credit, head of household, joint filing, filing status, earned income credit
- taxessales tax, income tax, estate tax, excise tax, corporate tax
- taxationtax, income tax, sales tax, tax return, tax refund
- income taxtax return, taxable income, tax brackets, tax rates, tax bracket
marriage, penalty, marry, married, marries, marrying, marriageable, unmarried, remarriage