(Closed) Taxes after marriage

posted 6 years ago in Money
Post # 3
Member
2892 posts
Sugar bee

@smitten248:  Depends on your income and deductions. IRS has a calculator on its site that will estimate what your taxes will look like next year. If a couple both works and earn similar incomes and reach a threshold the IRS sets they could see themselves being taxed at a higher rate. If one partner outearns the other by a certain amount they won’t see the same tax burden the next year. There can be a marriage “penalty” but simply getting married doesn’t guarantee it. There are a lot of factors that are detailed on their site (or a tax advisor could explain) that will tell you what you should be expecting. 

Post # 4
Member
7311 posts
Busy Beekeeper
  • Wedding: October 2011 - Bed & Breakfast

I think claireos described it well. Mr. LK and I had no clue our taxes would go up when we got married. Last year’s filing was a rude awakening. 🙁

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