Home | Ask a Tax Queston | About Us | Contact
 
SmartTaxInfo.com
Never pay more taxes than you have to!  
 
Info
 News & Updates
 Tax Basics
 Tax Tips & Planning
 Retirement & Taxes
 Tax-Smart Investing
 Real Estate & Taxes
 Biz & Self-Employed
 Education & Taxes
 Tax FAQ
 
Tools & Services
 Calculators
 File Online
 Classifieds
 Find a Tax Pro
 Deductions Finder
 
 
 
 
 
 
 
 
   
You are here: Tax FAQ > Tax Return >

Does the new tax law provide any relief from the marriage penalty?

Under current law, some couples pay more tax together than they would pay if they were single. The new law, while not remedying the marriage penalty completely, provides some relief. The standard deduction for couples filing jointly is increased in 2003 to twice the standard deduction for single filers. The tax brackets and the phase-outs for the earned income credit have also been adjusted to be more equitable to married couples.


Back to contents of this section

     



Copyright © 2004 by SmartTaxInfo.com
The information on this site is general in nature and should not be acted upon in your particular situation without further details and/or professional advice.