Evolving Personal Finance » Entries tagged with "standard deduction"
The Marriage Penalty and Itemizing Taxes
One of the lovely conversations about money I had over winter break was with my mother-in-law one morning while we were cooking breakfast. I had probably brought up the fiscal cliff or something similar, and the conversation wound up with me blurting out “Do you know how little money we make?” Oops! She was surprised to learn some details about our tax situation, but it makes sense that we have different impressions of the tax code … Read entire article »
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