Ad: BlueJ Better Tax Answers. -Accomplish hours of research in seconds -Instantly draft high-quality communications -Verify answers using a library of trusted tax content. Learn more

A Taxing Valentine’s Day

ValentinesTax Policy Center:  Marriage Bonus and Penalty Calculator:

Love
is blind, says the adage, and that can be a good thing when it comes to
taxes. That’s because married couples often pay a marriage penalty—a
higher federal income tax bill than they would if they were single. But
for most couples, marriage means a lower tax bill—a marriage bonus in
tax-speak.

Just
in time for Valentine’s Day, the Tax Policy Center has updated its
marriage bonus and penalty calculator to reflect the provisions of the
American Taxpayer Relief Act of 2012 (ATRA), the new tax law Congress
passed earlier this year. The new calculator lets you compare the tax
bills of a couple filing as singles and as a couple for either the 2012
or 2013 tax year.

The calculator makes it easy to determine the tax consequences of marriage in 2013. Calculate now, or forever hold your peace.


About the Author

Ad: BlueJ Better Tax Answers. Blue J's generative AI tax research solution is transforming how tax experts work. Learn more.
Information and rates on advertising on TaxProf Blog

Discover more from TaxProf Blog

Subscribe now to keep reading and get access to the full archive.

Continue reading