Federal and state level (New York- NYC)
What are the savings... doe sit pay (in taxes) to get married???
2007-12-14 04:31:07 · 8 answers · asked by marycotter5678 1 in Business & Finance ➔ Taxes ➔ United States
No... There is NO tax advantage watsoever for being married. In most cases, especially at higher income levels, being married will result in more taxes paid.
It's called a marriage penalty.
2007-12-14 05:38:54 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Depending on your two incomes, you might do better on taxes if you are married, or might pay more. Generally you get a break unless you are both very high income.
Federal tax law doesn't recognize domestic partnerships. For states that do, it might have an affect on state income taxes.
2007-12-14 14:11:52 · answer #2 · answered by Judy 7 · 1⤊ 1⤋
1) The IRS doesn't recoginize domestic partnerships.
2) Some people do much better on their taxes after they get married and some do much worse and still others see little to no effect. It all depends on each persons personal situation.
2007-12-14 12:38:23 · answer #3 · answered by Wayne Z 7 · 0⤊ 0⤋
The US Government does not recognize domestic partnerships.
2007-12-14 23:04:14 · answer #4 · answered by Gary 5 · 0⤊ 0⤋
Most married people will find they get a bigger return on their Federal return than single, as long as they file Married Filing Jointly. The amount varies widely, it depends on each individual situation.
2007-12-14 12:45:36 · answer #5 · answered by D G 3 · 0⤊ 1⤋
Generally you will have a lower tax bite if you are married and file jointly. In my state, California, registered domestic partners must file their state tax returns jointly.
2007-12-14 12:44:24 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Yes you get a tax break if you are married. I don't know how much though.
2007-12-14 12:34:45 · answer #7 · answered by *Cara* 7 · 0⤊ 1⤋
yes... when i am single i only get $1000 or less but when I get married I get $5000 and more ... so go figure
2007-12-14 12:39:15 · answer #8 · answered by Sonnie 5 · 1⤊ 1⤋