Married couples can enjoy more tax benefits, retirement options, share living expenses, and potentially have more financial advantages. Let’s review some of the financial benefits of marriage.
If you're married, you have two options on how to file your income taxes—jointly or separately. It can be an added benefit if one spouse provides most or nearly all the income. Married couples who choose to file as married filing jointly, can possibly lead to savings.
There are situations in which you may choose to skip filing jointly and file separately. However, filing separately can have some disadvantages, like losing eligibility for certain deductions and credits, and the possibility of paying more in taxes.