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Also to add, when your income starts getting into tech amounts, it's actually MORE tax efficient to not be married than to be married unless your spouse does no
by novok 5y ago
Also to add, when your income starts getting into tech amounts, it's actually MORE tax efficient to not be married than to be married unless your spouse does not work. Also there is nothing preventing you getting rings, having a wedding and having a marriage relationship.
- vecinu 5y agoCan you expand on this? TurboTax always recommended filing joint for all the years I was married even though my wife earned a lot less than me. My tax rate went up a ton after the divorce.
- novok 5y agohttps://www.investopedia.com/terms/m/marriage-penalty.asp https://www.investopedia.com/terms/m/marriage-penalty.asp
- vecinu 5y agoRight, as your link details, I experienced a marriage bonus due to my partner earning a lot less than I did. So I suppose I was in the happy/lucky camp but I didn't realize it's a penalty for 2 high earners. TIL, thanks.