Taxes: married status?
Just wondering, what happens when you check 'married' on you taxes? do they go up, down or the same? Just curious to know..
Just wondering, what happens when you check 'married' on you taxes? do they go up, down or the same? Just curious to know..
On my paycheck... I am getting more money now, so I guess that is less taxes.
I think it depends on whether you file jointly or separately with your spouse. I've heard of the 'marriage penalty' whereby as a couple you end up paying more taxes than you would single. I am not sure how this works though, nobody can explain it to me. I think it only comes into play when each spouse is in a different tax bracket though (so that when you file jointly, the lower earning spouse is now in a higher bracket too).