Marriage Tax Calculator

Compare taxes if two people file separately vs. jointly.

Person A Income ($)

Person B Income ($)

Tax Rate Single (%)

Tax Rate Married (%)

Tax if filing separately

$0.00

Tax if filing jointly

$0.00

Marriage bonus / penalty

$0.00

Positive = penalty (pay more when married). Negative = bonus (save money when married).

 

Marriage Tax Calculator

 (Compare "Married Filing Jointly" vs.  "Single" tax scenarios)

 Input Your Details:

 Your Income: $_______/year

 Spouse's Income: $_______/year

 Filing Status Options:

 ✅ Married Filing Jointly

 Separate Filing by a Married Couple ✅ Compare to Single Filing (pre-marriage)

 Deductions:

 Standard Deduction: $27,700 (2024, MFJ)

 Itemized Deductions: $_______ (if higher)

 Tax Credits:

 Child Tax Credit: $2,000 for _______ children Other Credits: $_______

 Calculate:

 💲 Combined Tax as Married: $_______

 💲 Combined Tax if Single: $_______

 Marriage Penalty: $_______ (saved or owed additional money) How It Works:

 Marriage Bonus (Common when one spouse earns more):

 Example: You earn $100K, spouse earns $30K → save ~$2,000 vs. filing single.

 Marriage Penalty (Common with similar high incomes):

 Example: Both earn $100K → pay ~$3,000 more than filing single.

 Key Factors:

 Tax brackets for MFJ are not double Single brackets.

 Some credits (e.g., Earned Income Tax Credit) phase out faster for couples.

 Example of a computation: You: $80,000 | Spouse: $50,000

 MFJ Tax: ~$16,500

 Single Taxes: ~$18,000 combined

 Marriage Bonus: $1,500 saved

 Tips to Reduce Penalties:

 ✔ Adjust Withholding (Use IRS W-4 calculator)

 ✔ Maximize Pre-Tax Deductions (401(k), HSA)

 ✔ Consider Filing Separately (Rare, but helpful for student loans/IRAs)

 (Note: Based on 2024 tax laws.  State taxes may vary.)

 Do you want to see your particular scenario? Share your numbers!  😊

 (For official estimates, use IRS Tax Withholding Estimator)