The Tax Code’s War On Marriage

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The Tax Code’s War On Marriage

How Does Marital Status Affect Your Federal Taxes? Laws have always regulated who may marry, the obligations related to marriage and children and whether and how a marriage can be ended. Governments have always put their own social agenda above the pluralism of personal choice.
Earned Income Tax Credit (EITC) Punishes Marriage The maximum income for a couple is not double what it is for a single person. Your spouse’s income can disqualify you from credits you could have received if you had not been legally married.
Dorothy in Taxland: Tax on Marriage As Glinda advises us, “It’s always best to start at the beginning,” and at the beginning of the tax return is determining your filing status. Two different people can end up with very different amounts of tax owed, simply because of their filing status.
$ ?s: Divorced Spouse Social Security Benefits Q: My husband and I divorced several years ago, and I am about to turn 62 in December. Since my ex-husband (he’s a year older) and I parted ways, we don’t talk. Can you please explain the Social Security benefits due to a divorced spouse?
Government taxes $33,356 just because couple decides to get married You cannot argue this increased tax is their “fair share” simply because they are married.
Earned Income Tax Credit (EITC) Marriage Penalty of $8,400 The worst marriage penalty is for couples earning between $26,000 and $60,000 who have three or more children.
Earned Income Tax Credit (EITC) Marriage Penalty of $3,603 The maximum income for a couple is not double what it is for a single person. Your spouse’s income can disqualify you from credits you could have received if you had not been legally married.
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David John Marotta is the Founder and President of Marotta Wealth Management. He played for the State Department chess team at age 11, graduated from Stanford, taught Computer and Information Science, and still loves math and strategy games. Favorite number: e (2.7182818…)