Practical Perspectives: Key financial issues for you and your family – Newlyweds learn about married (taxpaying) life

Description

Abstract: This issue’s “Practical Perspectives” examines the tax situation of newlyweds “Albert and Cyndi.” The couple initially seemed skeptical about the impact of tying the knot. But only Albert is presently working, and their tax advisor explains how the “marriage penalty” will affect them once both are employed.