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You do get tax breaks, and a number of other benefits (in particular related to having children). You also get a tax break on a certain amount of paid interest
by falcolas 6y ago
You do get tax breaks, and a number of other benefits (in particular related to having children). You also get a tax break on a certain amount of paid interest on a house purchase.
Plus, there's the whole " allowed to be next to your loved one in the hospital" thing that's overlooked until it's needed.
So, no 40 acres, but there are benefits beyond two incomes.
- feoren 6y agoI have no idea what tax breaks I'm supposed to have gotten from being married. Our collective taxes went up after being married. Is the tax thing folklore from the era when only one partner worked? And mortgage interest being deductible has nothing to do with marriage.
- falcolas 6y agoI (well, We) got one. It's going to vary based on your number of dependents and your tax bracket. Tax law being so super-easy-to-understand here in the states. /s WRT mortgages, given some of the other threads in this discussion pointing out that something like 70% of millennial homeowners were married, it certainly seems relevant. EDIT: It looks like it really depends on the income levels of both parties. Two well paid professionals will probably see a penalty filing jointly, whereas a single professional income will likely see a benefit. https://en.wikipedia.org/wiki/Marriage_penalty https://en.wikipedia.org/wiki/Marriage_penalty