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The marriage penalty still exists under the TCJA
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 247
Abstract: One byproduct of the Internal Revenue Code is that the tax liability of married couples who file jointly may be more than their combined tax liabilities would be as single filers. When it is more, many refer to the resulting tax hike as “the marriage penalty.” This brief article discusses the persistence of the marriage penalty under the Tax Cuts and Jobs Act.