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Madison MoneySports - Personal Finance Thread
(11-02-2020, 05:01 PM)Apoc Wrote:
(11-02-2020, 04:36 PM)Kaan Wrote:
(11-02-2020, 03:35 PM)Apoc Wrote: lulz @ tax breaks... just like marriage comes with tax breaks.

there are no write offs for getting married... there are for kids. 


Not entirely true. You get your wife's standard deduction when you get married, which matters if you aren't both full time. My wife was not.

I'd rather have a $12xxx deduction than a $2000 credit.

standard deduction for a single person is > a standard deduction for a married non working spouse (at least it used to be) because of the "head of household" deduction is taken away from one when someone gets married. I'm not sure the head of household still exists after the overhaul. 

you are also changing more than one variable... most folks cant afford to go to a single income.
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