The stacking effect has nothing to do, however, with the width of joint-return rate brackets relative to the width of the rate brackets for unmarried taxpayers
, and so has nothing to do with marriage penalties per se.
Example 4: Unmarried taxpayers
A and B are joint owners of a house, each owning a 50% interest in the house.
In 2009, the IRS Office of Chief Counsel issued Chief Counsel Advice (CCA) 200911007, which stated that when homes are jointly owned by unmarried taxpayers
, the limits of Sec.
However, the JCT cautions that different rules for unmarried taxpayers
create complexity and place unmarried parents at a disadvantage when compared to other types of extended family situations.
Personal Replaced with the Family Credit (I) available to all Exemptions taxpayers: $3,300 credit for married couples; $2,800 credit for unmarried taxpayers
with child; $1,650 credit for unmarried taxpayers
; $1,150 credit for dependent taxpayers; additional $1,500 credit for each child and $500 credit for each other dependent.
The AMT exemption was increased to $40,250 for unmarried taxpayers
, $58,000 for married filing jointly (MFJ) and $29,000 for married taxpayers filing separately.
In 2005, the AMT exemption reverts to the current amount of $45,000 for married couples filing a joint return and surviving spouses, $33,750 for unmarried taxpayers
(not surviving spouses), and $22,500 for married taxpayers filing separately.
The $100,000 limit applies to unmarried taxpayers
as well as to married taxpayers filing joint returns.
Married taxpayers Former Revised Exclusion Year threshold threshold ends 1993 $60,000 $68,250 $ 98,250 1994 $61,850 $70,350 $100,350 1995 $63,450 $72,150 $102,150 Unmarried taxpayers
Former Revised Exclusion Year threshold threshold ends 1993 $40,000 $45,500 $60,500 1994 $41,200 $46,900 $61,900 1995 $42,300 $48,100 $63,100