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This study examines the association between the division of cognitive housework and parents' relationship satisfaction. Background. Equity theory suggests that factors which either objectively (i.e., equal sharing) or subjectively (i.e., feeling appreciated) enhance partners' feelings of mutual benefit lead to greater relationship satisfaction. From an equity perspective, cognitive labor may be especially consequential for relationship satisfaction not only because it is boundless, burdensome work but also because it is invisible and often unappreciated. Drawing on equity theory, we argue that relationship satisfaction is highest when cognitive labor is equally shared. Method. We use cross‐sectional data on different‐gender partnered US parents from Wave 5 of the Study on US Parents' Divisions of Labor During COVID‐19 (SPDLC) and OLS regression to estimate associations between the division of cognitive housework and relationship satisfaction separately for mothers and fathers. Results. Equal divisions of cognitive housework are associated with the highest levels of relationship satisfaction for both mothers and fathers. This association is consistent across various measures and dimensions of cognitive housework, with few exceptions.Conclusion. Relationship satisfaction is highest when partners equally share cognitive housework, as sharing this labor may reduce burdens on one parent as well as increase the visibility and value of this often hidden form of domestic labor.