(Closed) married early for tax purposes?

posted 9 years ago in Married Life
Post # 3
Member
732 posts
Busy bee
  • Wedding: July 2010

hahaha love this idea!

Post # 4
Member
2680 posts
Sugar bee

Im not, but my Brother-In-Law and SIL did about 4 years ago – they planned on waiting until later the following year until Father-In-Law showed him how much money they would get back on their taxes if they did it by the end of the year so they did!  They had a courthouse ceremony and then a church ceremony and wedding later the following year.  Plus she was here on a visa that wouldve expired soon so the sooner they got married and started paperwork the better.

Post # 5
Member
1684 posts
Bumble bee
  • Wedding: February 2010

Haha! I didn’t think about that – we did discuss having a quickie ceremony so I could add him to my benefits.

Post # 6
Member
6572 posts
Bee Keeper
  • Wedding: February 2010

we talked about the ceremony for my benefits too when i quit my job, but luckily we didn’t have to do that. my ex wanted to marry me for more military benefits and just split the extra money… thank god i was smart enough to say no to that!

Post # 7
Member
2695 posts
Sugar bee
  • Wedding: February 2008

Getting married gave us a giant tax PENALTY not benefit.  Ugh, we are DINKs with no property, not good!

Post # 8
Member
1108 posts
Bumble bee

I tried to explain to him the monetary benefits of getting married, but I don’t want to be pushy or nag, so maybe I am just planting ideas…

Post # 9
Member
2207 posts
Buzzing bee
  • Wedding: July 2010

Yeah, total DINKWADs here, we are getting a huge penatly, like $15,000. That didn’t help my case when I first suggested marriage a year ago (I used to be totally on the fence for feminist angst reasons, and now I’m all OMG! DRESSES!)

Post # 10
Member
1426 posts
Bumble bee
  • Wedding: December 1969

I wouldn’t do it just for the taxes.  Maybe if my Fiance was about to loose health insurance or something, but not just for money…

 

p.s. What’s DINK?

Post # 11
Member
2397 posts
Buzzing bee
  • Wedding: May 2010

I am also wondering what a DINK is?

Post # 12
Member
194 posts
Blushing bee
  • Wedding: August 2010

@greenleafmountain DINKS= Dual Income, No Kids  🙂

Post # 14
Member
1084 posts
Bumble bee
  • Wedding: September 2009

I’m clueless….I’ve always thought we were going to end up with a penalty (DINKs here too) but what gets you a marriage benefit?

Post # 15
Member
518 posts
Busy bee
  • Wedding: June 2010

@surkim – that is hilarious. I don’t think we would do this just for the money, although I guess if you are already planning and moving it up a month or so would help in that area….

Post # 16
Hostess
18637 posts
Honey Beekeeper
  • Wedding: June 2009

It really is different for everyone’s situation.  Some people will get a huge benefit for getting married and others won’t.  Because my husband and I were both working the first half of the year and had withholding at the higher single rate, and now he is the only one working and we have investment losses and rental losses, we are going to get a refund this year.  Normally, we wouldn’t though (and I end up losing a pretty large medical deduction this year by being married).  By The Way, tax accountant here!

@bvig: Usually the ‘benefit’ from being married is that the tax rates are more beneficial if you only have one income.  If you are both working, it usually ends up being pretty similar to being unmarried.

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