New 2018 Tax Law Mostly Eliminates the Marriage Penalty

It’s been a constant thorn in the side of tax reformers – couples filing jointly would often end up in a higher tax bracket than they would have if they filed alone.

However, the new tax law’s tax thresholds for joint filings are exactly double that of filing individually (except in the two highest brackets)– meaning there’s no penalty for most taxpayers.

Isn’t love grand?

Find out how the 2018 tax law will change your financial life.

Contact Tax Ninja for a consultation