There are a lot of reasons people get married. And while we might not want to admit it, “financial reasons” often make that list.

There are a number of ways in which getting married will impact your personal finances. First and foremost, they will change your taxes. While most common wisdom assumes that a married couple will pay less in taxes than each person would have paid individually, that’s not always the case. In fact, when two high earners wed, they can sometimes owe up to 12% more in federal and state taxes. That’s because the tax system is still designed to subsidize traditional, single-earner families.

For more financial implications of marriage, read this full article.

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