Are two incomes better than one?

This weekend I’m going wedding dress shopping with my younger sister. She and her fiance got engaged at the beginning of this summer and are planning an October wedding.

Seeing their flurry of wedding preparations reminded me of a piece I wrote recently for Credit Karma, Are Two Incomes Better Than One for Tax Purposes?

Invest in yourself.Your career is tHe engine of youR wealth. (1)
Photo by Paul García on Unsplash

In it, I cover the changes that occur when you get married and how they impact your taxes. We’re talking filing status, the marriage penalty, ways in which you might actually get a tax break by getting married, and whether it makes sense to file separately from your spouse. (Spoiler alert: it’s rarely advantageous!)

Check it out and let me know in the comments: If you are married, did you have any tax surprises as a result of tying the knot?

Disclaimer: Please note that some of the links on my website are affiliate links and I may earn a commission if you purchase through those links. I use all of the products I link and recommend them because they are companies that I have found to be helpful and trustworthy. Please let me know if you have any questions about any of the products or services I recommend!

Advertisements

Leave a Reply