2. Your tax bracket could change
As a newly married couple, your mixed earnings will decide what your tax bracket is.
That will imply you end up in a special one. Say, for instance, your taxable earnings is $160,000 whereas your partner’s taxable earnings is $30,000. You’d have been within the 24% tax bracket previous to marriage, whereas your partner would’ve been within the 12% bracket. However now along with your mixed taxable earnings of $190,000, you’d each be within the 22% tax bracket.
You will not at all times change brackets once you get married. In the event you each earn considerably comparable salaries, it is much less prone to occur. However it’s doable — particularly with massive earnings disparities or if one partner does not work in any respect — and the change can have an effect on the entire quantity of tax you owe.
3. Your eligibility for deductions and credit could change