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Guru’s Wrap-up

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9 Shifts Every Marketing Agency Needs to Make


9 Shifts Every Marketing Agency Needs to Make written by John Jantsch read more at Duct Tape Marketing

Catch the Full Episode:

Overview

John Jantsch spends this solo episode naming something he keeps hearing from marketers: a quiet exhaustion driven less by the work itself and more by the business model wrapped around it. He lays out 9 shifts he believes every marketing advisor, agency owner, and fractional CMO needs to make to move from doing more work for less money to leading strategy clients will pay a premium for.

Jantsch walks through each shift, anchored by a quote from a marketer he has worked with. He covers replacing “we do it all” positioning with a clear point of view, productizing a flagship offer, pricing outcomes instead of hours, and installing AI systematically instead of hacking it in. He also makes the case for leadership engagements over execution retainers and for joining a network instead of solving every problem alone.

This episode is for agency owners, consultants, and fractional CMOs who feel the ground shifting under a service model that used to work and want a concrete roadmap for where to go next.

About John Jantsch

John Jantsch is the founder of Duct Tape Marketing and creator of the Strategy First™ framework, used by hundreds of certified consultants and agencies. He has spent 30 years working inside agencies and with small business owners, and now leads the Duct Tape Marketing Certified Advisor program, the coaching and licensing model built around the 9 shifts he covers in this episode.

Key Takeaways

  • Replace “we do it all” generalism with a specific, provable point of view. It is the 1 shift that makes every other shift possible.
  • Turn one-off custom proposals into a single flagship offer you can teach, delegate, and repeat at scale.
  • Move client conversations from vendor-style execution retainers to leadership engagements where you own the outcome.
  • Build a lead-generation channel you own instead of depending on referrals or cold email for new business.
  • Put systems and SOPs behind the work so the business does not stop the moment you step away.

Great Moments

  • [00:01] – Jantsch opens by naming the “quiet exhaustion” he hears from good marketers and introduces the 9 shifts he will walk through.
  • [02:23] – Jantsch contrasts the $10,000 ebooks agencies used to sell with today’s collapsing prices, framing why leadership (not deliverables) is the new value.
  • [07:27] – Jantsch describes selling a $15,000 strategy engagement where the client stops asking about hours or deliverables and only cares about the result.
  • [14:28] – Jantsch explains why installing AI as part of a systematic marketing operating system beats letting clients hack their way through tools alone.
  • [16:46] – Jantsch makes the case for joining a network of 100-plus agencies instead of carrying every problem solo.

Memorable Quotes

  • “People are not paying for more stuff anymore. They are paying for marketing leadership, strategy, and a systematic approach to bringing AI into their business.” — John Jantsch
  • “All people want is a result. If they are trying to negotiate your price down, it is because they do not understand the value you bring.” — John Jantsch
  • “The conversation stops being can you send me a proposal and becomes can you do that for our business. That is the difference between selling and advising.” — John Jantsch
  • “It is chaos in most businesses right now, and the marketer who offers to manage that chaos as part of the plan is the 1 who gets invited into a leadership role.” — John Jantsch
  • “Imagine tapping into an entire network of people who have already wrestled with the exact problems you are facing right now.” — John Jantsch

Resources

  • 9 Shifts Assessment
  • Schedule a Call with Sara Nay

 

Email

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John Jantsch (00:01.964)

You know, I’ve spent thirty years or so around agencies and consultants, and I’ve never heard this much quiet exhaustion from good marketers. Not bad marketers, good ones. the work is fine. The business around the work is what’s breaking. Hello and welcome to another episode of the Duct Tape Marketing Podcast. This is John Jantsch and it’s just me. doing a solo show. I’ve got some stuff I want to get off my chest, I guess. And so

I love to use this platform to be able to do that. So if you are a marketer, a marketing agency, a consultant, a fractional CMO, this show is just for you. The agency model, as I’ve called it, is outdated. The people winning right now aren’t working harder inside of it. They’ve replaced it. We have I don’t know. I’ve lost track. Thousands of marketers I’ve spoken with in a lot of the

Things I’m going to identify today are things that are really phrases, words, sentiments that have come right out of their mouths. and I want to frame those as the nine shifts that I think every marketing advisor must make today. Can’t get past two minutes here to talk without talking about I AI and the good, the bad, the ugly. I mean, a l a lot of our clients now think that AI can do the marketing for them. they’re trying to bring it in, produce more.

at scale, be more efficient, and it’s really just making more noise. And it it’s I think from a a marketer standpoint, from an agency standpoint or consultant standpoint, it’s added another hurdle in helping them understand the value that we bring because I think they’re looking at, hey, this tool only costs 20 bucks and I can make it do all this stuff. and really people aren’t paying now for more stuff.

They’re paying for marketing leadership. They’re paying for strategy. They’re paying for a systematic approach to bring AI into their businesses. And that’s really where I think we have to move as marketers. the the the I’m not saying that AI is doing all the stuff yet, but certainly it is getting low it is getting easier and easier to do, and people are willing to pay less and less for it. I mean, the the days when

John Jantsch (02:23.074)

You know, I used to get paid ten thousand dollars to write an ebook, for example. And I, you know, I can’t imagine anybody paying a hundred dollars for that. So the th those days are are quickly coming to an end. But again, I think that this is a real opportunity for people who embrace this idea of marketing leadership. So I’m gonna get into the the nine shifts, as I call them, that I think every advisor, marketing advisor, really needs to make.

Right now, in order to kind of catch this next wave that that I think is really upon us, quite frankly. All right. So number one, we have to go from invisible generalist to really owning a point of view. here’s a quote, and each of these shifts I’ve I’ve pulled a quote from somebody I’ve either interviewed or or spoken with recently. the quote, I sound like every other agency out there, and I do not have a unique

Method to stand on. I mean, I think this is this is number one because it’s the one that it’s the domino. It’s the one that makes all the other ones fall into place. If you don’t come aren’t able to come into people and say, here’s what I do, here’s what you’re going to do, here’s what it’s going to cost, and by the way, here are the results we can inspect. And this is the framework that I built it on. And we have actually installed this in hundreds of other businesses, and it’s proven to work. If you can’t

guide and lead a a business owner into what they need rather than saying, hey, we do it all. tell us what you need. you you’re setting yourself up for failure completely. So a lot of the people that license our methodology, our advisor certification,

really lean towards this idea that we have this framework called strategy first. We have a whole different approach to how we go to market to what folks in our networks sell. And I think that that gives you or can give you at least a point of view. Strategy before tactics is a point of view, shockingly still very unique in the world of small business marketing. And so adopting that kind of point of view and going to somebody and say, look,

John Jantsch (04:42.444)

You need a website? Sure, we build websites, but first you’re gonna go through strategy first. because we know that the only way we can deliver a valuable website, in fact, your marketing in general, is if you start with strategy first. That is a point of view. That type of thing is what’s something you have to hang on. Shift number two: from custom everything to a productized flagship offer. Here’s the quote: I’m exhausted from writing.

Custom proposals and starting from scratch for every new client. We have one engagement sold the same way, delivered the same way. So now instead of my I can do that when somebody out you actually are saying this is my process. and now at first pushback, sometimes people are like, yeah, that’s just like cookie cutter templated.

No, it’s not at all. It’s a framework that delivers custom work that can be taught, that can actually be delegated, that you can actually hire people to do. We successfully have consultants in our organization. We have con successfully licensed over four hundred agencies and consultants on this methodology, and being able to to productize that so that you can get good at it, so that you can get

Delegate it, you you you actually are able to deliver more value because you have a framework that you can apply everything to. Shift number three, from pricing effort to pricing outcomes. This is this one is.

Been dying a very slow death for many, many years. I actually had somebody ask us, you know, how much we charged an hour. It’s it’s been years since somebody’s asked me that. You know, that mentality is just not only is it a recipe for disaster, you basically are going to sell up all your time, you’re going to sell up all your usable capacity without any ability to scale. But when you have a proven framework, when you

John Jantsch (06:50.841)

Have a proven point of view, guess what? People will pay more. All people really want is a result. If they’re, if they’re trying to buy your price down, it’s because they don’t understand the value. And when you’re able to go in with a specific point of view, a specific framework, a flagship offer that you can show them the results that you’ve gotten for others, price goes way down the list because they the risk is goes way down.

the the list. And so if if you could start thinking in terms of

John Jantsch (07:27.489)

I sell a strategy first for fifteen thousand dollars and it doesn’t really matter to the client what they get for that. I mean they want the result for that, but but like the output or the input, I’m sorry, how many hours, who does what, how many pieces of paper they get for that. they no longer care if they’re convinced in the that you can deliver the result. So those first two shifts go hand in hand with shift number three. So shift number four.

From execution retainers to leadership engagements. Here’s the quote: Clients treat me like a vendor, question my tactics, and cancel when budgets get tight. That’s a sure sign that you are a vendor rather than a trusted advisor. As I said before, there’s still business out there for execution.

but it’s going to go away. it is going to become less and less, and it’s going to become commoditized. Even if there’s plenty of people willing to pay for it, they’re going to be willing to pay a lot less for it. So you have to shift now. Your whole, you have to take that strategic leadership seat because that’s the piece that’s really missing. And most of the businesses I’ve worked with, even if they have a founder who has built a tremendous business, and maybe they’ve brought in a couple of people to

Do the marketing, or they have an agency to do the marketing. They’re still lacking that person that’s making judgments, that’s making decisions, that’s actually keeping them on track and owning the results. And those are retainers people will pay handsomely for. In fact, they will pay far more than they will pay for somebody to do their SEO. SEO may be part of what you end up selling, but if you sell the leadership engagement, you sell strategy first.

All of a sudden, you have a completely different relationship with a client. What are we up to? Shift number five from referrals and hope to a lead system. Now, here’s the quote: I have no idea where my next client is coming from. If word of mouth dries up, again, most of the many of the agencies that we work with, they, I mean, you do good work, you’re going to get some referrals.

John Jantsch (09:41.44)

you work your warm network, you’re going to be able to uncover some opportunities. But actually having a lead system in place. I mean, marketers, I mean every industry does this, but marketers are the worst marketers. let me ask you this. How many LinkedIn posts or email, cold emails have you gotten telling you as an agency they are going to help you generate leads?

That’s the thing we’re supposed to be doing for our clients. We’re supposed to be really good at doing for our clients. And yet the industry realizes we’re terrible at it. and so shifting to a pipeline that is constantly being filled by having channels that you own fill that pipeline up and never, ever, ever, depending on cold email. There I said it. there’s some people listening that probably will debate that, and maybe there’s some people that have had success.

But you want to be in a position where you wouldn’t want a client that would come to you based on a cold email because they wouldn’t be the right fit client. They wouldn’t understand the value you bring. They wouldn’t understand what it is to hire a trusted advisor. Shift number six: from selling to advising. this one really gets people. I mean, here’s the direct quote: I hate feeling like a salesperson. I spend too much time doing proposal.

Theater. Boy, isn’t that true? So, what you have to do is start changing the entire dynamic of what you think selling is. Essentially, what we do is we actually demonstrate to somebody: here is a process that we’re going to run you through that will help you understand the gaps that you have in marketing, maybe help you understand what marketing actually is. And by virtue of doing that,

the the conversation will not be can you send me a proposal? It will be can you do that for me? What you just ran me through, could you do that for our business? That’s the difference between selling and running. I’m sorry, selling and advising. and it changes how you feel about it. It changes who you deliver to, it changes how you deliver. and you’ll never say I hate selling again because it’s a joy to actually do it. You’ve got to adopt that.

John Jantsch (12:04.621)

So I’m up to number seven. And coincidentally, these are all things that we do. People that come into our certification program, our duct tape advisor program. these are all things that we have figured out that that you not only need to make, but we’ve actually got the solutions. We’ve actually built it for you. So you don’t have to make any of this up. You don’t have to create any of it. It’s all been done for you. So I’m gonna give you one URL right now.

If you want to go through an assessment, all nine of these shifts are on an assessment. It’ll ask you, it’s very simple, it takes five minutes. It’ll ask you nine questions. They’re essentially you’re gonna rank yourself one to ten on where you are in these shifts. It’ll help you identify your three lowest, the ones where you actually could use the help. So I’m gonna give you the URL now dtm.world slash shifts.

It’s a hard word to say. Harder than it should be. Shifts. S H I F T S D T M.world slash shifts. All right, gonna keep moving here. Number seven, from doing the work to running the system. If I step away for a week, the whole business stops because everything lives in my head. You ever experience that one? So this is about SOPs and templates and you know delegation at 60 to 70 percent margin.

But it’s also about this idea of where you position yourself, where how you position yourself to a client. In fact, we actually talk about installing a marketing system in a business. In fact, we have a marketing, all the components of what we call a marketing operating system. So after strategy first, we’re actually going to work on what’s next, what’s next, what comes in the stage that they are in now and the stage that they’re going to be in 90 days from now. And we’re

Constantly building on that. It’s one of the reasons I think that that we have such long retention. We we keep our clients three, four, five, heck, one, it’s been with us over a decade. and I think a lot of it has to do with this mentality of installing a system. we have built all the components, and I don’t think there’s anyone else. certainly no one that has 30 years of doing this, but I don’t think there’s anyone else that takes this really system view.

John Jantsch (14:28.008)

Of installing marketing inside of a business. Shift number seven. No, we’re up to eight, aren’t we? From dabbling in AI to installing it. So here’s a quote: clients think AI can do my job for free, and I’m losing my margins. just trying to keep up. So here’s how I think we need to view AI. Sure, use it in your business. Use it, it does so many wonderful things. I’m not really gonna extol the virtues of that, anybody who’s

in marketing right now realizes that this is a tool that we have to embrace. But a lot of our clients are trying to embrace it as well. And they are hacking their way through it, they’re getting terribly frustrated, they’re actually discovering it costs more in times of in terms of time and effort. And so what really is resonating with the small to mid-sized business is part of marketing is actually having a systematic approach to installing AI.

Instead of everybody just bring your favorite tool and use it however you want, we actually need to get them to think in terms of if we build it this way, if we build these skills, it’s all still based on strategy. we’ve built the strategy to begin with, so now we have the tools and the ability to build the strategic approach to using AI with humans inside a business. And that mindset shift of

Not just like, we’re gonna create this automation or we’re gonna create this hack or we’re gonna save you this much time. It just needs to be part of the plumbing of the marketing system. And I think that you will find if you go out and start using just that message that that we’re gonna help you install a systematic approach because right now it’s chaos in most businesses. And so somebody who’s actually offering to manage the chaos as part of marketing.

is going to be invited into a leadership role inside that business. All right, number nine. From going in alone to being in a network. I’m tired of trying to figure out every problem myself, and grind is incredibly lonely. we have over a hundred agencies in our network that we meet monthly, we do things quarterly, we share.

John Jantsch (16:46.093)

resources, we share assets, we share a strategic partner network to actually do some of the implementation, to actually build some of the AI automations and things that that our clients need. and so that’s a huge component. If any of you are out there, even even in an organization with 10, 12, 15 people, a lot of times the founder, the leader feels at least a little bit alone in terms of addressing or getting advice.

on the on the things that they are experiencing. So imagine tapping into an entire network of of folks that that that could help you do that, help you wrestle with the problems that maybe they’ve actually wrestled with, that they’re wrestling with at the same time. So it’s it’s it’s not just camaraderie. It has tremendous value in terms of assets and people and network and mentoring as well. So those are the nine shifts.

I want you to imagine the next time a client says, okay, you want us to do strategy. How how how much is it? and you just without batting an eye, you don’t look down at your shoes, you don’t do anything, you just say it’s twelve thousand dollars. and the reason you say that is because the last 10 prospects that you talked to, you said the same thing and they said yes, and you had the confidence, you had the position, the

the the posture to say that’s what it is. And I know that it brings tremendous value. So the duct type duct tape marketing certified advisor program is really built around these nine shifts. And here’s how we structure it. When you join us, you will go into a 90-day one-on-one coaching engagement with our lead consultants who have now done this training

for many, many years that have actually implemented strategy first and the marketing operating system with clients for a number of years as well. and they will fit this to where you are. We have people that are just starting out and this is a great model for them because all of a sudden it’s like here’s the entire roadmap done for you. You’re boom, you know, you’re out there next day. We also have a lot of folks that are

John Jantsch (19:06.765)

Are feeling like, hey, the model has changed on me. It’s let me down. I need to do something different. But they’ve got experience, they’ve got team, they’ve got processes, and we’re able to mold this to exactly the shifts that they need to make. There’s also an entire library of training for you, for your team that you get access to, an entire network of partners that you get access to for implementation gaps that you might have. And as I said, you’d be part of this network.

for monthly masterminds and quarterly training on kind of the latest and and greatest thing. We bring in lots of folks to kind of keep us all up to speed on that. So if any of the shifts that I’ve talked about make sense and you want to jump on a call with Sarah Nay, who’s our CA CEO, she’s one of the people that does the training, the one-on-one training as well, just schedule a time with her. I’m gonna give you a link to do so. and

She’ll go over these nine shifts. she will walk you through, in fact, if you take the assessment, she’ll actually have what what you have identified as your lowest scores and you’ll spend time doing that. So if you want to take the assessment, it’s dtm.world slash shifts. And then if you want to schedule with Sarah, it’s DTM.world slash chat. So DTM.world either shifts or chat or both.

when you take the assessment, you’ll also be given the opportunity to schedule a time with Sarah as well. So if you didn’t go get all of that written down because you were driving in your car, we’ll all you can also find it at Duct Tape Marketing as well on the podcast homepage. you will find this as well as the links in the show notes. So thanks for tuning in. Appreciate it. And hopefully we’ll run into you one of these days out there on the road. Let me also offer one other.

piece if you haven’t clicked off yet. which one of these nine shifts resonated the most with you? I’d love to hear from you. And it’s just John at Duct Tape Marketing. send me a note. All right, take care.

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GE Aerospace Is Making a $12 Billion Acquisition. Here’s What Investors Should Know.


GE Aerospace (GE -0.15%) announced this week that it is acquiring Consolidated Precision Products (CPP) for $11.75 billion. This is GE Aerospace’s largest acquisition since it became a stand-alone company in 2024. The purchase will affect the company’s balance sheet in the near term, so what do investors need to know?

First, supply chain constraints have made it difficult for companies like GE to keep pace with demand. CPP has supplied GE for many years and is one of just a handful of companies that are global suppliers of aerospace castings. It supplies approximately 25% of GE’s needs. Thus, it makes sense that GE would want to bring the business fully under its umbrella. It makes the supply chain more difficult for competition while loosening a known bottleneck for its own manufacturing.

Image source: Getty Images.

The deal will be financed with $7 billion in cash and the remainder through new debt. GE expects CPP to generate approximately $2 billion in revenue in 2027. The acquisition will, however, face antitrust scrutiny and concerns over fair competition. Still, if this deal goes through, it should boost adjusted profit per share and free cash flow even in the first year, according to GE.

GE Aerospace’s backlog reaches into the 2030s. It must secure sufficient capacity to meet contracted obligations. Purchasing CPP streamlines operations and fixes a serious supply chain issue. It’s a steep price to pay now, but it should pay off over the coming years.

GE Aerospace Stock Quote

Today’s Change

(-0.15%) $-0.49

Current Price

$323.66

GE Aerospace’s stock has risen just 5% in 2026, and a recent pullback has created a more favorable entry point. The stock is still trading at a premium, with forward and trailing P/E ratios approaching 40 and a PEG ratio above 4.

Ultimately, I believe this acquisition solves a necessary issue. The short-term pain from the high cost of CPP will be more than offset by the additional capacity GE Aerospace will create for itself. The company’s $210 billion backlog provides incredible revenue visibility, and GE’s main risk is executing without delay. This acquisition will help ensure just that.

Catie Hogan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends GE Aerospace. The Motley Fool has a disclosure policy.

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The Marriage Tax Penalty In 2026: Every Rule That Costs Married Couples (And The Ones That Help)


Key Points

  • A marriage penalty happens when a rule’s threshold for a married couple is less than double the threshold for a single person. 
  • In 2026 that describes the top tax bracket, the SALT cap, the EITC, the new tips deduction, the Net Investment Income Tax, Social Security taxation, HSA limits, IRA limits, and the new student loan plan.
  • The penalties hit two-earner couples with similar incomes. The bonuses go to couples where one spouse earns most of the income.

The short answer: getting married can raise your taxes, and whether it does depends almost entirely on how your two incomes compare. Two similar paychecks on one return trigger most of the penalties below. One big paycheck and one small one usually gets a bonus instead.

Here’s every rule in the 2026 tax code (and a few outside it) where married couples get less than two singles would, with the numbers, plus the rules that go the other way and what you can do about it. If you’re here because of student loans, the Repayment Assistance Plan’s marriage penalty has its own section below and its own article with the filing-separately math.

2026 marriage tax penalty table comparing single, married filing jointly, and two-singles thresholds for the SALT cap, tips deduction, 37% bracket, Roth IRA, NIIT, Social Security, and HSA limits

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What A Marriage Penalty Is (And Isn’t)

A marriage penalty is any rule where the married-filing-jointly threshold is less than twice the single threshold. Two singles each get the full single amount. A married couple shares one number. If that number isn’t doubled, the couple loses.

A marriage bonus is the mirror image. When one spouse earns most of the income, filing jointly lets that income spread across the couple’s wider brackets and doubled standard deduction, and the couple pays less than the earner would have paid single. That’s why the Congressional Research Service finds more couples with bonuses than penalties.

Your filing status is set by whether you’re married on December 31. Marry on New Year’s Eve and the whole year is filed as married.

Dual-Income Tax Brackets: Why Two Paychecks Land Higher

For 2026, six of the seven federal tax brackets are exactly doubled for joint filers. The 32% bracket starts at $201,775 for singles and $403,550 for couples; the 35% bracket at $256,225 and $512,450. The 2017 tax law fixed the bracket penalty for almost everyone, and the One Big Beautiful Bill Act (OBBBA) made those brackets permanent.

The exception is the top. The 37% rate starts at $640,600 of taxable income for a single filer and $768,700 for a married couple, not $1,281,200. Two unmarried high earners with $640,600 each pay no 37% tax. Married, the same two incomes pay 37% instead of 35% on the $512,500 above $768,700. That’s $10,250 a year for being married.

The other bracket effect is subtler and hits far more people. When two similar incomes stack on one return, the second income starts where the first one left off. A second earner making $60,000 married to someone making $60,000 doesn’t get their own 10% and 12% brackets; their whole paycheck is taxed at the couple’s marginal rate. The doubled brackets mean the couple’s total tax is the same as two singles’, but the second earner’s take-home from an extra hour of work is lower than it would be single. That’s the “dual-income” penalty people feel in their withholding even when the math is neutral.

2026 Federal Tax Brackets | Source: The College Investor

Common Marriage Penalties In The Tax Code

Here are the 2026 rules where the joint threshold is less than double the single one.

The SALT Cap (New For 2025–2029)

OBBBA raised the state and local tax deduction cap from $10,000 to $40,000 for 2025 and $40,400 for 2026, then 1% more each year through 2029. The cap is the same for single filers and married couples filing jointly. Two unmarried homeowners in New Jersey or California can each deduct up to $40,400 in property and income taxes, $80,800 between them. A married couple gets $40,400. Married filing separately gets $20,200 each.

The phaseout has the same problem. The cap starts shrinking at $505,000 of modified adjusted gross income whether you’re single or a couple, and it’s back to $10,000 at $606,300. Two singles could earn $1 million combined before losing any of it.

This is the largest new marriage penalty in the law, and the one Congress has already been asked to fix (more on that below). If you itemize, the most common deductions page covers what else changed.

Earned Income Tax Credit (EITC)

The EITC is where the marriage penalty is most expensive relative to income. For 2026, a single parent with one child loses the credit entirely at $51,593 of income. A married couple with one child loses it at $58,863, only $7,270 higher. Two working single parents could each earn up to $51,593 and both collect. Married, they’d collect nothing above $58,863 (or $65,899 with two children).

The CRS report’s example: two unmarried parents each earning $25,000, each with one child, would owe $5,931 more in tax if they married, about 12% of their combined income. Most of that is lost EITC.

Student Loan Interest Deduction

The student loan interest deduction is capped at $2,500 per return. Two singles can deduct $5,000 between them; a married couple deducts $2,500, and married filing separately can’t claim it at all. The income phaseout is roughly doubled for couples, so the penalty is the cap, not the phaseout.

Mortgage Interest Deduction

The cap on mortgage interest is $750,000 of acquisition debt for both single and married filers, and OBBBA made that cap permanent. Two unmarried people co-owning a home can each deduct interest on $750,000 of debt, $1.5 million total. A married couple can’t. Married filing separately is capped at $375,000 each.

Social Security Taxation

Benefits become taxable when “combined income” (adjusted gross income plus nontaxable interest plus half your benefits) exceeds $25,000 for an individual and $32,000 for a couple. Those thresholds aren’t indexed to inflation and the joint threshold isn’t close to double, so two retired singles could have $50,000 of combined income between them before any benefit is taxed, while a married couple starts at $32,000.

OBBBA didn’t change those thresholds. It added a separate $6,000 senior deduction per person for 2025–2028, which is doubled for couples and doesn’t have a marriage penalty, though it does require married couples to file jointly to claim it.

Net Investment Income Tax And The Additional Medicare Tax

The 3.8% Medicare surtax on investment income starts at $200,000 of modified AGI for singles and $250,000 for couples ($125,000 married filing separately). The 0.9% Additional Medicare Tax on wages uses the same $200,000 / $250,000 thresholds. Neither is indexed to inflation. Two singles can earn $400,000 combined before either tax applies; a couple, $250,000.

The Tips Deduction (New For 2025–2028)

OBBBA’s “no tax on tips” deduction is capped at $25,000 a year, and the cap is the same for a single filer and a married couple filing jointly. Two tipped workers who marry go from $50,000 of deductible tips to $25,000. The deduction also requires married couples to file jointly, so there’s no way around it by filing separately. The income phaseout ($150,000 single, $300,000 joint) is doubled. Here are the jobs that qualify.

The companion overtime deduction is $12,500 single and $25,000 joint, so it doesn’t have this problem.

Child And Dependent Care Credit

Starting in 2026 the credit covers up to 50% of eligible care expenses (on up to $3,000 for one dependent, $6,000 for two or more). The 50% rate starts phasing down to 35% at $15,000 of AGI, and that $15,000 is the same for single filers and joint filers. Two single parents each earning $15,000 get the full 50%; married at $30,000 they don’t. The second phase-down (35% to 20%) is doubled for couples, starting at $75,000 single and $150,000 joint.

Capital Losses

You can deduct up to $3,000 of net capital losses against ordinary income each year, whether you’re single or married filing jointly. Married filing separately gets $1,500. Two singles get $6,000 between them. Small, but it’s the same pattern.

IRA Income Limits

The Roth IRA phaseout for 2026 runs from $153,000 to $168,000 for singles and $242,000 to $252,000 for couples. Doubled, the single range would start at $306,000. Two singles earning $150,000 each can both fund a Roth; married, they can’t.

The deduction for a traditional IRA when you have a workplace plan phases out at $81,000–$91,000 single and $129,000–$149,000 joint, again not doubled. And married filing separately gets a $0–$10,000 phaseout on both, which is why MFS is rarely the answer to these.

Other Marriage Penalties

These are semi-tied to the tax code, but impact other areas. They can still be costly for married couples.

HSA Contributions

For 2026 the HSA contribution limit is $4,400 for self-only coverage and $8,750 for family coverage. Two spouses each on a self-only high-deductible plan can contribute $8,800 combined. Put either of them on a family plan and the couple’s cap is $8,750. That’s a $50 penalty for sharing a plan.

The $1,000 catch-up contribution for people 55 and older is per person, but each spouse has to make it into an HSA in their own name. A couple on one family plan with one HSA can only make one catch-up; open a second HSA and both can.

2026 HSA Contribution Limits | Source: The College Investor

Student Loan Repayment 

Income-driven repayment has always had a marriage penalty because payments are based on adjusted gross income (AGI), and a joint return has both incomes on it. The old REPAYE plan went further and required a spouse’s income even when the couple filed taxes married filing separately.

The Repayment Assistance Plan (RAP), which launched July 1, 2026, doesn’t do that. An early Senate draft would have counted spouse income regardless of filing status but the final law dropped it. Under both RAP and Income-Based Repayment (IBR), the Department of Education uses joint income if you file jointly and only your income if you file separately.

RAP’s marriage penalty is different. RAP charges a flat 1% to 10% of your entire AGI depending on which bracket the AGI lands in, with no family-size exclusion. Two incomes on one return jump brackets. Two spouses earning $47,500 each, both with loans, pay about $317 a month combined filing separately and $713 a month filing jointly. A borrower earning $50,000 married to a $100,000 earner goes from $167 a month to $1,250. The full math, on both plans, is here. If you both have federal loans and file jointly, you get one payment split by loan balance, not two full payments.

Medicaid, SNAP, And Other Benefits

Benefit programs use household income, and the couple thresholds are less than double the single ones. In New York, the 2026 Medicaid income limit is $1,836 a month for a single applicant and $2,489 for a married couple. Two singles could each earn $1,836 ($3,672 combined) and both qualify; married, they’d be over the limit by nearly $1,200 a month. SNAP and child care subsidies work the same way in most states.

For lower-income couples, this is the marriage penalty that actually changes decisions, because the benefit cliff is larger than the tax bill.

Where The Code Treats Married Couples Fairly (Or Better)

This isn’t all one direction. In 2026:

  • The standard deduction is exactly doubled: $16,100 single, $32,200 joint.
  • Six of seven brackets are doubled.
  • The child tax credit is $2,200 per child and phases out at $200,000 single and $400,000 joint, doubled.
  • The overtime deduction is $12,500 single and $25,000 joint. The senior deduction is $6,000 per person. Both are doubled for couples.
  • The Saver’s Credit income limit is $40,250 single and $80,500 joint.
  • The estate tax exemption is $15 million per person, and married couples can combine unused exemptions.

And the marriage bonus is real. When one spouse earns most of the income, filing jointly runs that income through the doubled brackets and standard deduction, and the couple pays less than the earner would alone. CRS finds that’s the majority case: 53% of couples get a bonus, averaging $4,911, versus 37% with a penalty averaging $1,820.

Is Anyone Fixing This?

Some of it, slowly. In April 2026, Rep. Josh Gottheimer proposed doubling the SALT cap to $80,800 for married couples filing jointly, calling it “ridiculous” that two people can end up worse off married than single. The Congressional Research Service published its full accounting of marriage penalties and bonuses in July 2026, which is the source for the 37% / 53% split above. Neither has become law.

The fixes are not complicated: double the joint threshold wherever it isn’t doubled. The cost is the reason it doesn’t happen. Every doubled threshold is revenue given back to two-earner households, and Congress has repeatedly chosen the single-filer cap instead (SALT and tips are the 2025 examples).

Until that changes, the practical rule is this: if you and your spouse earn similar amounts, assume there’s a penalty somewhere on your return and go find it. If one of you earns most of the income, you’re probably getting a bonus, and the smart move is to make sure you’re filing jointly to collect it.

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The post The Marriage Tax Penalty In 2026: Every Rule That Costs Married Couples (And The Ones That Help) appeared first on The College Investor.

BAC’s McKay defends Rocket’s pushback against UWM’s ultimatum


However, others in the industry were hopeful that a pushback by Rocket against the UWM ultimatum might bring an end to the ultimatum, providing a truly open wholesale market.

Brendan McKay (pictured top), chief advocacy officer for the Broker Action Coalition and owner of McKay Mortgage, said the negative reaction to Rocket’s move is missing something more important.

“I think that what this really is, is a symptom of the ultimatum,” McKay told Mortgage Professional America. “That is the root problem here. UWM, through the ultimatum, has created an uneven playing field.”

Dividing the broker community

McKay said he understands the criticism Rocket has faced for the incentive, but does not agree with it.

“Criticizing Rocket in this situation to me is akin to criticizing a kid on how they fight back against a bully,” he said. “I recognize this analogy paints Rocket as a kid getting picked on, which they’re a big, massive conglomeration, but in the wholesale market, UWM is the big dog in the space. Rather than giving the kid a hard time for paying all their friends $10 to stand up for them, I’m more interested in addressing the behavior of the bully and correcting that.”

Navy Federal Credit Union (NFCU) Flagship To Flagship Premier Upgrade Offer (10x On Travel Up To 15,000 Points)


The Offer

Direct link to offer

  • Navy Federal Credit Union (NFCU) is letting Flagship cardholders upgrade to the new Flagship Premier card and earn 10x points on travel up to 15,000 bonus points in their first 90 days

Our Verdict

Can find details regarding the new Premier card here. Not sure I’d describe the new structure as an upgrade, but some people might prefer it. I don’t think 10x on travel is a particularly attractive offer either. 

Hat tip to reader Bockrr

Oil prices dive on signs of Hormuz diplomacy while Saudi Arabia is left hanging in fight vs. Houthis



After weeks when Middle East diplomacy seemed dead in the water, a rare meeting between Iran and its Persian Gulf neighbors has renewed hope for a deal that could fully reopen the Strait of Hormuz.

Foreign ministers from the Gulf Cooperation Council—which is comprised of Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, and Oman—will meet their Iranian counterpart on Monday, sources told the Financial Times.

Brent crude oil prices tumbled 2.9% to $104.52 a barrel on Friday.

It would be the first such gathering since the U.S. and Israel launched their war on Tehran and also comes as Oman and Iran seek to build support on a deal the two countries have been crafting to temporarily manage traffic in the Strait of Hormuz, the report added.

For now, the U.S. and Iran have been locked in a stalemate over the global energy chokepoint. The U.S. naval blockade is preventing Iran from exporting oil via its ports, while Iranian drone and missile attacks are preventing other exporters from returning to prewar levels.

But an agreement on the Iran-Oman shipping scheme wouldn’t fully reopen the strait. Tehran has insisted the U.S. must first fulfill terms of their earlier ceasefire deal reached in June.

“For Iran and Oman it is about getting the GCC on board to try and use that to get the U.S. to lift its blockade on Iranian ports,” a source told the FT, while the GCC wants to ensure that “whatever is agreed is temporary and they are able to get ships in and out.”

GCC states are wary about agreeing to anything that would recognize any Iranian control over Hormuz. But the equation may be changing as Iran tries to turn the tables on the U.S. and its allies.

The U.S. military has been helping non-Iranian oil sneak through the Strait of Hormuz, bringing exports from the region to around two-thirds of prewar levels.

While that still represents a significant shortfall, the U.S.-guided oil flows weakened Iran’s ability to use the strait as political leverage. At the same time, the naval blockade is crushing Iran’s economy.

To regain the upper hand, Iran recently launched fresh missile salvos at U.S. bases in the region, attacked U.S. warships, and helped its Houthi allies in Yemen seize territory near the Bab al-Mandab Strait that links the Red Sea and the Arabia Sea.

After Iran closed the Strait of Hormuz, the Bab al-Mandab Strait became a vital bypass for Saudi Arabia, which diverted oil from the Gulf to the Red Sea via its East-West Pipeline. But the Houthis reportedly attacked the pipeline and Saudi tankers in recent days too.

With friends like these…

While facing threats to its oil exports, Saudi Arabia isn’t getting much support from its own allies.

Saudi Crown Prince Mohammed bin Salman called President Donald Trump twice on Thursday, asking for U.S. strikes against the Houthis, but was turned down, sources told Axios.

Instead, U.S. officials said the Trump administration will provide intelligence on the Houthis and targeting data. U.S. forces will remain focused on Iran and the Strait of Hormuz—and steer clear of fighting on an additional front, the report added.

Saudi Arabia also has a defense pact with Pakistan, which has deployed troops near the Saudi border with Yemen. But the South Asian country also depends on energy shipments that transit through the Strait of Hormuz and the Red Sea.

So officials in Islamabad are reluctant to antagonize Iran and are worried the Houthi threat could suck Pakistan into a war. Pakistan’s foreign ministry has said no military response to the ​Houthi attacks is being discussed.

And according to Reuters, Pakistan’s army chief stressed diplomatic efforts to de-escalate across all fronts in a call with Iranian Foreign Minister Abbas Araqchi on Thursday.

“Pakistan is trying to keep a low profile in the Saudi-Houthi conflict because Pakistan’s own stakes are high,” a Pakistani government official told Reuters. “It does not want to spoil relations with Iran.”

Binge shop while you binge watch with Prime Video’s feature for browsing content-inspired products



Amazon’s newest feature for Prime Video is trying to make real life more like TV by letting you immediately buy what your favorite actors are wearing—or something similar.

The company on Thursday announced a new feature called Shop the Scene that will let users shop for products featured in a show or movie. With minimal interruption to the viewing experience, users can pull up items on the Amazon Shopping app inspired by what’s being shown in the scene they’re watching at the moment.

Amazon said Thursday that the Shop the Scene feature is now available on more than 600 Prime Video titles through the Amazon Shopping app for users in the U.S. 

The broader Shop the Show experience, which Amazon introduced last year to let users browse products related to shows on Prime, like bobbleheads or LEGO sets, is also expanding to more than 8,000 titles, from 1,300 previously.

“We are making it easier than ever for Prime Video customers to shop what they see on screen,” Michelle Rothman, vice president of Prime Video shopping, said in the announcement Thursday.

Amazon did not immediately respond to Fortune’s request for comment.

The new Shop the Scene feature uses AI to let a user curious about the clothing an actor is wearing in their favorite show buy the same outfit or a similar one from Amazon from their phone. The match may not always be exact.

Prime Video is also getting a new “shop” tab inside X-Ray, which lets users identify actors or music playing in a show while watching. Users will now be able to open X-Ray with their remote and browse products associated with what they are watching on the shop tab and finish the transaction on their phone.

Profiting from streaming

Companies like Netflix, Disney, and Peacock have for years experimented with ways to make streaming more profitable, including by increasing subscription prices, cracking down on account sharing, and incorporating tiered subscription models and ad-supported streaming.

Amazon’s move is the most recent effort to capitalize on the content already capturing people’s attention—and it’s not the first company to try it.

NBC’s streaming service Peacock introduced a Must ShopTV feature in 2023 that let users purchase content-featured products in real time. Disney through its streaming service Disney+ has also experimented with a shoppable TV feature that allowed subscribers to shop on certain pages via a QR code on their TV screen.

Amazon’s latest move also helps its behemoth online shopping business expand through its growing Prime Video business. Amazon said late last year that its ad-supported Prime Video tier now reaches more than 315 million people worldwide, a big leap from the 200 million users it disclosed in 2024. 

Amazon has tried to more closely intertwine shopping and entertainment for years, including with a virtual product placement technology, or VPP, that uses machine learning to allow advertisers to insert their brands into films and TV shows after they’ve been produced.

There’s some data to show that product placement may be worth it. A survey by YouGov found earlier this year that just over half of U.S. adults consider product placement to be an effective form of advertising, compared to 14% who said it was ineffective. 

Some 4% of the people surveyed said they took action after seeing a brand featured in content they watched. Of those people, 22% searched for the product online and 10% said they made a purchase.

Gilbert Cisneros from California’s 31st district makes numerous stock transactions




Gilbert Cisneros from California’s 31st district makes numerous stock transactions