Since I’m married, I’d lose – Piggington's Econo-Almanac

August 18, 2008 at 9:01 AM #258454

Participant

Since I’m married, I’d lose about $5,000 worth of my federal standard deduction.

Most people in the 9.3% State and 28% federal bracket are deducting enough in state income taxes to equate to standard deduction.