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A comment on Over Half of U.S. Young Adults Now Live with Their Parents. Parent comment

Re:Over Half of U.S. Young Adults Now Live with Their Parents by pezdeath on Monday November 30, 2020 @01:42PM (#25257297)
This penalty basically starts at 250k in combined income. The median household income is $60,700 as of 2018.
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Re:Over Half of U.S. Young Adults Now Live with Their Parents by dgfitz on Monday November 30, 2020 @02:16PM (#25257662)
Sure doesn't. My wife and I made the same amount of money, within 1% of each other, when we got married. We both changed out deduction from single to married. Tax bill came around and we owed 10k.

Our income at the time, combined, was ~160k.

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Re:Over Half of U.S. Young Adults Now Live with Their Parents by westwing on Monday November 30, 2020 @01:56PM (#25257439)
The loss of EITC affects low incomes.

The mortgage deduction affects anyone with a "large" mortgage, but at current housing prices "large" is becoming the norm.

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