If you're newly married or this is your first year filing as a married couple, this is for you.

If you didn't already know each filing status has different tax brackets. Single is typically the highest. And married filing joint is one of the lowest.

When you get married the government actually gives you a tax break. Here's what I mean.

If you file single for the 2024 tax year and you make between about $191k and $243k, your tax rate is 32%.

If you file married jointly for the 2024 tax year and your income is in the same range, your tax rate is between 22% and 24%, so substantially less.

So if person A made $200k they'll owe around $64k in taxes. But if person B, who's married and files jointly, made the same amount, they'd owe around $44k in taxes.

That's $20k in tax savings! I'm not saying go get married to lower your taxes, but the good news is that when you do get married you can expect a pretty substantial tax break.

Hope this helps. If you have questions, let me know.