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by junar
142 days ago
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List of caveats I can think of: * Covers regular federal income tax only. Does not cover any of the taxes on Schedule 2, nor any state/local taxes. * Assumes both individuals take the federal standard deduction as Single (not Head of Household). * Assumes no other credits or deductions. As a result, this can potentially understate marriage penalties for dual-income couples with kids. https://taxpolicycenter.org/briefing-book/what-are-marriage-... |
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