Will Tax Reform Get Rid of the Marriage Penalty?

Will Tax Reform Get Rid of the Marriage Penalty?

One issue that has been discussed many times during the tax reform saga is the marriage penalty: Many married couples pay more taxes as a couple than they would if they were single. In fact, President Trump's campaign tax plan called for the elimination of the marriage penalty in a new, simplified tax code.

Here's an overview of the marriage penalty under current tax law, and what the House and Senate versions of the Tax Cuts and Jobs Act would do about it.

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Source: Fool.com