What is the so-called tax "marriage penalty" and is there anyway around it, outside of not getting married?Bob
Bob writes:What is the so-called tax "marriage penalty" and is there anyway around it, outside of not getting married?Roy Lewis (TMFTaxes) wrote a good article on this topic: http://www.fool.com/school/taxes/1998/taxes980430.htm- Darrell
Thanks for the tip, Darrell. I knew that article was out there somewhere.Bob
[[What is the so-called tax "marriage penalty" and is there anyway around it, outside of not getting married?]]DarrellK was kind enough to provide you with the URL link to the post regarding the marriage penalty, Bob. I hope that you have had the opportunity to read the article by now.If you have any additional questions, please let me know and I'll try to address 'em as you ask 'em. In the meantime, don't forget to read the other posts dealing with the marriage penalty (separate/joint tax returns), that really goes hand in hand with the marriage penalty issues. Heck...you might even some stuff in the Taxes FAQ that you might even find interesting :-DTMF TaxesRoySPECIAL NOTE: Remember that this response is not the "last word" on your situation. It is really only a starting point. Make sure to review the "Read This First" post(http://www.fool.com/School/Taxes/TaxesDisclaimer.htm) for additional information. In addition, many of your questions may already be referenced in the Taxes Frequently Asked Questions area. In order to visit the Taxes FAQ area, go to the Fool's Money area (http://www.fool.com/money.htm) and check out "Tax FAQs" in the list box, OR you can jump directly to the Taxes FAQ area (http://www.fool.com/school/taxes/taxes.htm). Additionally, if any references were made to the IRS Web Site, you can get there by pointing your web browser to (http://www.irs.ustreas.gov).
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