Marriage helps in reducing the tax burden for husbands and wives who jointly file their taxes. Depending on their incomes, there is a way to avoid the known marriage “penalties.” If there is a substantial difference in the salaries of the spouses who are both taxpayers, the spouse paying for the lower tax can pull the spouse paying higher tax down into a much lower bracket than if the latter were to file taxes separately. This reduces the spouses’ overall taxes. Below are some tax advantages of married couples in Texas. 1. The spouses might be the tax shelter of […]
