Tag: marriage tax

We know, you've recently filed your taxes and you either just paid money to Uncle Sam or you collected it. Not to mention that the rebate checks are starting to roll in. But if you're new to this marriage thing, the tax rules are different than when you were single. With the economy slumping, it's more important than ever to pay attention to your money.

Since 2003 when it was first introduced, the marriage tax penalty has evolved into more of a tax planning consideration than a surprise liability. To understand the concept you need to have a basic understanding of how tax rates work. I have always used the analogy of "walking up a staircase" when describing the progressive nature of tax rates.