Recently married and trying to understand what benefit it is for taxes. How is the joint deduction beneficial at all if it’s just standard X 2? Like, if both couple make the same amount it’s not any different than taking standard each.

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My accountant runs both for us every time, individual and joint. Joint always gives us the best outcome but they can run the numbers for your comparison.

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Try twirr

I ultimately pay more because of the marriage penalty

Sometimes there's a marriage tax penalty, happiness ain't free...
https://money.usnews.com/money/personal-finance/articles/what-to-know-about-the-marriage-tax-penalty

Marginal tax rates changed when filing jointly

You can see significantly better outcome if there’s income disparity between the two of you. Then you can qualify for benefits/deductions that the higher income earner may not if they’re single.

On the other hand, it’s a lot harder to itemize deductions now since we have 2x the standard deduction - and the biggest deduction (income and property tax) we can make is capped at $10k. There’s no way I can find another $14k of deductions to make itemizing worthwhile

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