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Do You Know If Your State Has a Marriage Penalty?


Do You Know If Your State Has a Marriage Penalty?
GOBankingRates
2/25/2021
© Neustockimages / Getty Images/iStockphoto
Just married sign and cans attached to convertible car.
If you’re just getting married or even if you’ve been married for many years the tax considerations of your union may have never crossed your mind. But for a good percentage of Americans, there are tax ramifications to filing jointly. In many cases, there’s actually a tax bonus, meaning you’ll pay less as a couple than you did as two single individuals. But in a number of states, there’s actually a marriage penalty, where you’ll end up paying more than you would have as two singles. Here’s a quick look at how marriage bonuses and penalties work, with a specific focus on states that have a marriage penalty. ....

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