Marriage and the 2017 Tax Reform Law

39 Daily Tax Report 15 (2019)

2 Pages Posted: 31 Mar 2019

Date Written: February 28, 2019

Abstract

The law formerly known as the Tax Cuts and Jobs Act of 2017 made significant changes to tax deductions for individuals, which can adversely affect some married couples compared to their unmarried counterparts.

The article discusses the state and local tax deduction (the same $10,000 annual limit applies to a single person and to a married couple filing jointly), the home mortgage interest deduction, and other marriage penalty instances found in the Act.

The tax law does favor married couples in certain cases, such as greater estate and gift tax exemptions. Marriage may also have some non-financial benefits.

Keywords: marriage, tax reform, state and local taxes, home mortgage interest, Great Divorce Rush of 2018, alimony, divorce

Suggested Citation

Zhang, Libin, Marriage and the 2017 Tax Reform Law (February 28, 2019). 39 Daily Tax Report 15 (2019), Available at SSRN: https://ssrn.com/abstract=3346993

Libin Zhang (Contact Author)

Fried Frank ( email )

One New York Plaza
New York, NY NY 10004
United States

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