MADISON, Wis. -- Revenue officials want to ease the so-called marriage penalty that's expected to affect the majority of married taxpayers in Wisconsin next year.
The Department of Revenue's 2013-2015 budget request sent to Gov. Scott Walker this week would reduce state income taxes for married couples through a variety of possibilities, including doubling the standard deduction for married taxpayers.
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Some married couples filing jointly are due to pay more income taxes than they would if they were single and filing separately. A number of factors contribute to that scenario, including lower tax credits for married couples compared to combined tax credits for two single taxpayers.
The Milwaukee Journal Sentinel (http://tinyurl.com/9yq5kv9 ) reports the proposals by revenue officials could collectively save married couples $63 million to $1 billion over two years.