Marriage
1) Marriage Financial Benefits
Married couples who file jointly qualify for higher tax deductions and credits. This can result in tax savings, especially if there’s a large income disparity between spouses. Spouses are entitled to receive Social Security benefits based on their partner’s earnings, which can be advantageous—again, especially if there’s a large income disparity between spouses and one spouse has much higher lifetime earnings.Married couples can find discounts on health, car, and home insurance. Combining policies likely results in lower premiums. Spouses can make contributions to each other’s individual retirement accounts (IRAs) and have access to spousal benefits from any employer-sponsored retirement plans.
