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  2. Marriage penalty - Wikipedia

    en.wikipedia.org/wiki/Marriage_penalty

    Under these tax rates, two single people who each earned $87,850 would each file as "Single" and each would pay a marginal tax rate of 25%. However, if those same two people were married, their combined income would be exactly the same as before (2 * $87,850 = $175,700), but the "Married filing Jointly" tax brackets would push them into a ...

  3. Personal exemption - Wikipedia

    en.wikipedia.org/wiki/Personal_exemption

    The personal exemptions begin to phase out when AGI exceeds $309,900 for 2017 joint tax returns and $258,250 for 2017 single tax returns. Each tax exemption is reduced by 2% for each $2,500 by which a taxpayer's AGI exceeds the threshold amount until the benefit of all personal exemptions is eliminated.

  4. How the Tax Filing Process Changes From Single to Married - AOL

    www.aol.com/finance/tax-filing-process-changes...

    Continue reading → The post Taxes: Single vs. Married appeared first on SmartAsset Blog. When filing federal income taxes, everyone has to choose a filing status. There are five filing statuses ...

  5. Taxes: Single vs. Married - AOL

    www.aol.com/news/taxes-single-vs-married...

    When filing federal income taxes, everyone has to choose a filing status. There are five filing statuses: single, married filing jointly, married filing separately, head of household and ...

  6. Income tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_the_United...

    This was $12,550 for single individuals and $25,100 for married individuals filing a joint return for 2021. Alternatively, individuals may claim itemized deductions for actual amounts incurred for specific categories of nonbusiness expenses. [48] Expenses incurred to produce tax exempt income and several other items are not deductible. [49]

  7. 2025 Federal Income Tax Brackets and Rates: Everything You ...

    www.aol.com/irs-tax-brackets-much-ll-143030733.html

    Tax Rate. Single. Married Filing Jointly or Qualifying Surviving Spouse. Married Filing Separately. Head of Household. 10%. $0 to $11,925. $0 to $23,850. $0 to $11,925

  8. 10 Biggest Tax Questions for Married Couples - AOL

    www.aol.com/10-biggest-tax-questions-married...

    3. What Is My Married Filing Status? If you weren’t married on Dec. 31 of the tax year, the IRS considers you to be single, the head of household or a qualified widow(er) for that year.

  9. Standard deduction - Wikipedia

    en.wikipedia.org/wiki/Standard_deduction

    Standard deduction in 2023 70-year-old single individual $13,850 + $1,850 = $15,700 40-year-old single individual who is blind $13,850 + $1,850 = $15,700 Married couple, ages 78 and 80, one of whom is blind $27,700 + $1,500 + $1,500 + $1,500 = $32,200 Dependent who earns $200 in 2023 $1,250 (minimum standard deduction for dependents)

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