Are The Tax Benefits Worth Getting Married?

[KingZaire_]

We talk about Marriage and if it’s worth it for men to get married in 2021, The biggest benefit I can see for getting married are the tax benefits.

You could be losing over 10k a year income just for being single I call it the singles tax.

So do you think getting married is worth the risk to earn potentially 10k a year more than you do?

 

[Heafcliffe]

They're cool but they pale in comparison if the marriage is trash, b.

 

[Turbulent]

Nope.

Say you are "losing 10k"... You gotra look at it as you are actually gaining 5k at best if you are married cause it's 10k for the couple. But chances are you are spending the majority of the 10k on her anyway.

 

[R.E.N. Spells Ren]

They’re definitely not a reason to get married.

 

[BaggerofTea]

Tax benefits dont mean shyt when you getting your pockets ran for half your income and savings in divorce court.

 

[Spence]

Just had our second child and filed taxes. I’m the only one working right now, I brought home $78k pre tax, paid $8k in fed withholdings, we are getting just shy of $13k back

I took a second wfh job and if I finish the year with both I’ll finish at $134ish pre tax, my bracket doesn’t change because we are married, we get to keep all of the upcoming stimulus money, qualify for the $6k they are about to hand us for child credits ($700 monthly) and I withhold at the higher single payer rate. All that said we should see over $20k in a return next season

 

[UpAndComing]

The irony is that if you divorce your wife, alimony is completely tax free

 

[CrimsonTider]

Tax benefits dont mean shyt when you getting your pockets ran for half your income and savings in divorce court.

Who is this happening too?

 

[MR. SNIFLES]

10K A YEAR IN SAVINGS VS. POTENTIAL ALIMONY AND SPLITTING THE ASSETS.

THAT ASSUMES THAT SHE DOESN'T CONTRIBUTE FINANCIALLY.

 

[MR. SNIFLES]

The irony is that if you divorce your wife, alimony is completely tax free

WAIT. REALLY?

 

[number21]

Nope.

 

[Sad Bunny]

There are no tax benefits lol

 

[UpAndComing]

WAIT. REALLY?

New tax law eliminates alimony deductions — but not for everybody


Yupp. AAAANNNND get this. This new law makes it so you can't even deduct it from your income. Get...Married... Brehs

 

[BaggerofTea]

Who is this happening too?

My old boss lost his house, half of his pension/401k and 1/2 of his income in alimony and child support to his ex wife who was a pill head

 

[CrimsonTider]

My old boss lost his house, half of his pension/401k and 1/2 of his income in alimony and child support to his ex wife who was a pill head

Sounds like she got what she deserved.