Should you marry for tax purposes?

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So what’s the answer? Do you get married for tax reasons or not? I’ve been asked this question a lot over my career. I’ve run all kinds of numbers. I’ve compared charts and graphs. I’ve read all kinds of commentary.

And here’s what I usually advise: Don’t get married for tax reasons. And don’t not get married for tax reasons.

What Congress gives today, it can take away tomorrow. As a result, making what should be a permanent decision solely on the basis of a shifting Tax Code doesn’t make sense.

Folks get married for all kinds of reasons: love, health insurance, impulse, children. The when and if of whether to get married is really between you and your spouse-to-be. It’s bad enough that you have to deal with additional family members like in-laws and first cousins: you’d do well to keep Uncle Sam out of it.

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Published in: on December 30, 2013 at 10:12 PM  Leave a Comment  
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