My boyfriend and I are engaged. I've heard arguments both ways as to the benefit of getting married. Keep in mind we are both over 55 years old so kids don't even come into the picture. Will being married change our social security when the time comes? Or is it the same whether you are married or not?
2007-03-19 15:08:45 · 7 answers · asked by classy1lady30 1 in Family & Relationships ➔ Marriage & Divorce
Your social security is based on age, how much money you've placed in the system during your time of working. It won't change for either of you unless one dies, and the other has the option of getting the higher of the two. Depending on the state you live in, you may be considered as married without the piece of paper (TX), if you mention each other as husband or wife outside of your home. IRS gives MFJ a higher standard deduction than filing Single, which is the only other thing that's different.
2007-03-19 19:51:58 · answer #1 · answered by msthinkpositive 5 · 0⤊ 0⤋
Not sure where you are from, but if you are not the same sex you can't be "domestic partners" as far as the term relates to taxes and insurance and the like. I'll tell you one benefit to being married and that's if either one of you have a pension; say you have a pension, if you die before you husband, he would get the pension; if you are not married, you cannot pass the pension on to him or your children, the company keeps it. You need to get online at the irs.gov, see what your social security will be for just you, see what it would be for just him; then see what it would be if you were married.
2007-03-19 15:14:56 · answer #2 · answered by abc 7 · 0⤊ 0⤋
Frankly at your age it would be best to not get married. You will stand a better chance at getting more in social security (if there is any left) by not being married. Also if the female has a former spouse she will be entired to HIS social security based on the amount of time THEY were married and if she remarries she will no longer be entitled to that. As far as taxes go...you'd probably get back more by filing single and claming no dependents than fiing jointly and claiming a dependent...For myself...I'm 53 and can't see myself ever getting married again...
2007-03-19 15:47:58 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Not in my country! Common law status is exactly the same as being married in Canada, but since you said 'social security' I can only guess that you're American and America is very out dated when it comes to marriage laws, so my guess is probably. You can call your city hall or local government office or lawyer to ask for more details can't you?
2007-03-19 15:25:47 · answer #4 · answered by Anonymous · 0⤊ 1⤋
that's a debate about equality, in all elements of marriage. the note, the rights, the benefits, the legality. that's going to all be a similar and not in any respect separate. what's so very diverse about gay marriage and immediately marriage? love+dedication=marriage+relatives. no count number the gender, that equation is a similar and each body merits the threat to have a similar style of marriage. exceedingly undemanding truly.
2016-12-02 06:33:17 · answer #5 · answered by ? 3 · 0⤊ 0⤋
Do some research and find out how it may affect your and his financial status. That's more reliable than trusting info posted by strangers here, when you don't know where they got their information or how good their memories are.
2007-03-19 15:15:44 · answer #6 · answered by . 7 · 0⤊ 1⤋
won't change it either way to any degree. from a tax standpoint it is better to be married....more writeoffs
2007-03-19 15:15:39 · answer #7 · answered by J.M.C 5 · 0⤊ 0⤋