Marriage Tax Calculator
Compare tax implications of filing jointly vs. separately
About Marriage Tax
When married couples file taxes jointly, they may experience either a marriage bonus or penalty depending on their individual incomes. This occurs because tax brackets for married couples aren't exactly double those for single filers.
Marriage Bonus vs. Penalty
Marriage Bonus: Occurs when a couple pays less tax filing jointly than they would as single filers. Common when spouses have significantly different incomes.
Marriage Penalty: Happens when a married couple pays more tax filing jointly than they would as single filers. More common when spouses have similar, high incomes.
Key Considerations
- Standard deduction for married filing jointly is not exactly double the single amount
- Tax bracket thresholds for married filing jointly aren't exactly double single filer thresholds
- Credits and deductions may phase out at different income levels for joint filers
- State taxes may have different implications for married couples
Note: This calculator provides estimates based on federal tax brackets and standard deductions. Actual tax liability may vary based on your specific circumstances, deductions, credits, and state taxes. Consult with a tax professional for accurate tax planning.