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Eliminating Marriage Penalty: Double Tax Brackets for Married Couples.

This act aims to remove the 'marriage penalty' from the income tax system. It means married couples will benefit from doubled tax brackets, potentially lowering their overall tax burden. These changes will apply to tax years beginning after December 31, 2024.
Key points
Married couples will be taxed as if they were two single individuals, potentially reducing their income tax.
Tax brackets for married couples will be doubled compared to single filers, which could mean lower tax rates for combined incomes.
The law takes effect from January 1, 2025, impacting tax filings for that year and beyond.
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Additional Information
Print number: 119_HR_320
Sponsor: Rep. Steube, W. Gregory [R-FL-17]
Process start date: 2025-01-09