7 financial benefits of marriage (and 4 possible drawbacks)
Married couples enjoy more Social Security benefits, tax breaks, retirement options, estate planning perks, and cheaper insurance (health and auto).
Taxes
Do My Parents Make Too Much Money For Me To Submit The FAFSA?
One of the biggest myths in the student financial aid world is that you can’t submit the FAFSA if your parents have a high income. Everyone, regardless of their parents (or their) income should submit the FAFSA every year.
Why you shouldn’t worry about entering a higher tax bracket
Different brackets of income are taxed at different percentages. Your marginal tax rate — the highest percentage of tax you’ll pay — only applies to the income that falls within your top tax bracket, not to the income in all your lower brackets. So you won’t take home less money after taxes if your salary increases.
Gift tax: How much can you gift tax free?
Curious how much you can gift tax free? Gift tax rules allow up to $18,000 annually, per recipient, in 2024, but there’s a lifetime exclusion. Read the details.