Newlyweds in Amherst, NH Have Questions
There can be some significant tax savings for married couples. While this is by no means the reason you should tie the knot, it is nice to start enjoying some of the tax benefits that can go hand in hand with marriage. Depending on the income from both spouses, getting married can put the higher earning spouse into a lower tax bracket. When filing your taxes jointly, this can offer significant tax savings over single individuals with the same level of income. The standard deduction is also higher for married couples, versus filing as a single individual. Having this deduction shared jointly can make a difference in the amount of taxes you pay by lowering your total income.
