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But for married couples filing jointly, the deduction is precisely twice as much: $12,200. If a married couple pays more in revenue tax when filing jointly than they would've paid as two single individuals, that's known as the marriage penalty. Despite laws to eradicate the wedding penalty, there are still marriage traps lurking in the tax code. If that very same couple was still single, they might each earn as much as $83,600 (for a total of $167,200) and nonetheless stay in the 25 percent tax bracket. Bottom line: Do what feels right for you, and what matches your model as a pair. In a rare flash of generosity, the internal Revenue Service (IRS) provides all taxpayers a sizable computerized deduction from their taxable earnings. For single taxpayers in 2013, the standard deduction is $6,100. Thank heavens for the standard deduction! The standard deduction was one in all the best causes of the wedding penalty. On the subject of taxes, is marriage a penalty or a bonus?

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