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This penalty basically starts at 250k in combined income. The median household income is $60,700 as of 2018.
by pezdeath 6y ago
This penalty basically starts at 250k in combined income. The median household income is $60,700 as of 2018.
- westwing 6y agoThe loss of EITC affects low incomes. The mortgage deduction affects anyone with a "large" mortgage, but at current housing prices "large" is becoming the norm.
- dgfitz 6y agoSure doesn't. My wife and I made the same amount of money, within 1% of each other, when we got married. We both changed out deduction from single to married. Tax bill came around and we owed 10k. Our income at the time, combined, was ~160k.