Forbes has published an article, “Marriage? Give Me a (tax) Break”, which discusses the benefits of filing jointly as partners. The article begins as follows:
So, I hear you got married. Congrats! And you’re filing your taxes jointly for the first time, and want to know more about how to do that! Is that right? Just so you know, you don’t have to file jointly, but those romantics at the IRS set up some great tax breaks for marriage. First, by filing jointly you get double the deduction in half the time. So, what the heck does that mean? I’ll break it all down for you.
Click here to see the full article: “Marriage? Give Me a (tax) Break”
Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.