11 Ways Marriage Changes Your Life Legally and Financially

March 29, 2014  |  
Shutterstock

10. Tax Benefits

Tax time isn’t necessarily beneficial for married couples since marriage penalties require some couples to actually pay more in taxes due to their dual income. In the current U.S. system however, married couples with a single-income actually benefit from being married come tax time. Unmarried couples cannot file joint tax returns and are excluded from tax benefits and claims specific to marriage. In addition, they are denied the right to transfer property to one another and pool the family’s resources without adverse tax consequences.

Trending on MadameNoire

View Comments
Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN
blog comments powered by Disqus