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The 'marriage penalty' r efers to the reduction or loss of SSI benefits when recipients marry. This penalty primarily affects SSI, unlike other Social Security benefits based on employment history.
I do not like the partial approach to the marriage penalty now being considered by Congress. It does not do the whole job. I do agree with The Post that the general reduction in tax rates proposed ...
The marriage penalty has severe human and financial consequences. Beneficiaries may lose monthly income checks and crucial Medicaid access, as eligibility for Medicaid is often tied to SSI.
Marriage penalties exist in some tax credits and state/federal benefit programs. Most studies find marriage penalties don't significantly affect marriage decisions, per report.
However, as joint taxable income gets higher, the marriage penalty takes effect, especially in the 37 percent bracket, but to a much lesser degree than under the old law.
However, the framework does not spell out how it would eliminate the marriage penalty from taxable income rates, as Trump's campaign tax plan had done. We'll wait to see if Trump's initial tax ...
Updike and Fredette aren’t alone. The Social Security Administration reported over 6.5 million SSI recipients over the age of 18 in 2022, the most recent data available. And a 2021 report of U.S ...
House lawmakers are weighing relief for a “marriage penalty” that impacts the federal deduction limit on state and local taxes, known as SALT. The bill would temporarily double the SALT ...
Couples in higher-income brackets may still face a marriage penalty, says tax publisher CCH. For example, if both spouses had taxable income of $75,000, their combined income would push them from ...
Karen Grigsby Bates speaks to Dr. Wade Horn, head of the Health and Human Services Department's Administration for Children and Families, about the so-called "marriage penalty" for welfare ...
Here, we're rating Obama's promise to extend child tax credits and marriage-penalty fixes. The legislation Obama signed on Dec. 17, 2010, continues those tax measures for everyone for another two ...