If you are getting married OR you want to get married one day, then it's important that you understand how marriage will affect your taxes. And this is a big deal because over 55% of marriages end because of financial issues.

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So there are two ways to file a tax return when you are married.

There is a married filing JOINTLY return and a married filing SEPARATE return. So, this is the FIRST big question that you and your partner are going to need to answer.

But of course, we need more information to break down which option we should choose, so make sure you watch the entire video.

Video Time Stamps:
Intro (0:00)
Married Filing Jointly or Married Filing Separately (1:40)
Tax Brackets for Marriages (2:20)
Standard Deduction for Married Couples (3:05)
Can Marriage Negatively Affect Your Taxes? (5:33)
Marriage Tax Penalty (6:18)
When should you file jointly vs separately? (7:50)
Coming up next (8:10)

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).