In 2023, Jasmine and Thomas, a married couple, have taxable income of $150,000. If they were to

Question:

In 2023, Jasmine and Thomas, a married couple, have taxable income of $150,000. If they were to file separate tax returns, Jasmine would have reported taxable income of $140,000 and Thomas would have reported taxable income of $10,000. What is the couple’s marriage penalty or benefit?

Fantastic news! We've Found the answer you've been seeking!