What are the financial implications of getting married?

Getting married in California can have both short-term and long-term financial implications. In the short-term, couples are required to pay a marriage license fee when they apply for the license. In California, this fee varies depending on which county the couple lives in but can range from as little as $50 to as much as $115. On top of this, couples may also have to pay for the cost of their marriage ceremony, such as for a venue or for decorations. In the long-term, getting married can have a major impact on your finances due to tax implications. According to California law, married couples are required to file their tax returns using a “Married Filing Jointly” status, which can result in a higher taxable income. Additionally, couples may also be able to take advantage of certain tax deductions and credits that are not available to single people. Finally, for couples who are both employed, getting married may also have an effect on their health insurance. In most cases, married couples can sign up on the same health insurance policy, which allows them to get coverage at a lower cost than if they were both on separate policies. Overall, the financial implications of getting married can vary depending on the circumstances, but it is important to understand the potential implications before taking the plunge.

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What are the financial implications of getting married?

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