Marriage penalty

Tax System

When a married couple pays more tax filing jointly than they would as two single individuals, typically occurring when both spouses have similar incomes.

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Unit 04: marriage

Tax System

Related Terms

Marriage bonus

When a married couple pays less tax filing jointly than they...

Married Filing Jointly (MFJ)

A filing status for married couples combining their income a...

Married Filing Separately (MFS)

A filing status where married spouses file separate returns....