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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This tax bill is about as anti-family as it gets. We are currently engaged. We will see a much bigger tax bill after we get married later this year (I make $130K, DW makes $150K).[/quote]

Umm, the marriage tax went away at your income levels with this new tax bill. Under the old tax bill, yes, you would get a big marriage tax penalty. [/quote]

SALT deduction is limited to $10K, regardless if single or married. If married, you only get $5K per spouse. That's a big hit.

Same with AMT exclusion - $70K for single, only $105K for married couple.[/quote]

The AMT exclusion is now higher than it was under the 2017 tax law. For 2017, the AMT exclusion is $54,300 for singles and only $84,500 for married couples.

You also missed the AMT exemption phase out piece - The tax overhaul increases the exemption phaseout level -- which is the income level above which you gradually lose your income exemption, until it disappears completely. The phaseout levels were raised to $1 million for joint filers, up from $160,900; and to $500,000 for individuals, up from $120,700.

So a lot of households making between $200,000 and $1 million will now get to take full advantage of the exemption levels, whereas before they could not.[/quote]

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