What to Know About the Marriage Tax Penalty
Anchin in the NewsFebruary 20, 2020
"After the tax (reform) passed, the marriage penalty shrunk," says Mela Garber, tax leader at accounting firm Anchin, Block and Anchin in New York City. However, it still exists for high earners and hasn't been eliminated for some nuanced parts of the tax code, such as the portion of Social Security benefits that may be taxable.
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