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There is not a marriage tax credit on a federal tax return.
If you are filing as Married Filing Jointly then your standard deduction on the Form 1040 Line 12 is $27,700 if you are both under the age of 65.
Standard deductions for 2023
Single - $13,850 add $1,850 if age 65 or older
Married Filing Separately - $13,850 add $1,500 if age 65 or older
Married Filing Jointly - $27,700 add $1,500 for each spouse age 65 or older
Head of Household - $20,800 add $1,850 if age 65 or older
If you indicated that you are married in TurboTax, we will apply the correct (and higher) standard deduction to your tax return.
Sorry, I should have specified this is for our state return.
What state?
Minnesota
It is only applied in certain situations.
The Minnesota marriage credit is designed to reduce the “marriage tax penalty” under Minnesota’s income tax paid by some two-earner married couples without providing or increasing marriage bonuses to other married couples. The credit equals the additional Minnesota income tax a married couple pays under the married joint income tax brackets, as compared with the tax they would pay if their earned income were taxed separately under the single tax brackets.
The credit amounts and other parameters are adjusted annually for inflation and for changes to Minnesota’s tax rates. This information brief explains the marriage credit and some marriage penalties in Minnesota’s income tax system.
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