How will getting married affect my money - especially taxes?

The video explores the financial implications of marriage, highlighting both benefits and challenges. It discusses cost-effectiveness, risk pooling, and Social Security advantages for married couples. The marriage tax penalty is explained, noting changes post-2017 tax reforms. While federal penalties are reduced, some credits and deductions still pose challenges. Tax benefits like unlimited transfers and estate tax exemptions are also covered, emphasizing strategic financial planning for marital stability.

What are some financial benefits of living together as a married couple?

How can pooling risk benefit married couples financially?

What is the marriage tax penalty and how does it affect couples?

Explain the concept of the unlimited marital deduction.

What are some challenges that couples may face regarding marital finances?