Tax Break Opportunities
O, The Oprah Magazine | From the December 2001 issue of O, The Oprah Magazine
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If you and your fiancée were hoping the marriage penalty would be lifted before the wedding, plan on a long engagement. The increase in the standard deduction for joint filers won't be phased in until 2005 (when it moves to 174 percent of the standard deduction for single filers). The deduction will be exactly twice that of single filers in 2009. |
