Choice saves in taxes


Hill and Billy plan to marry either immediately before or immediately after year-end. Hill's taxable income for 2010 is $89,000 and Billy's is $85,000 before their exemptions and deductions. Neither has any dependents nor itemized deductions. Based only on tax considerations, what marriage date would you recommend for the loving couple? How much would your choice saves in taxes?

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Accounting Basics: Choice saves in taxes
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