Although money can often be a leading cause of marital conflict, there are many financial benefits to getting married. These usually include:
- Tax savings – The dreaded "marriage tax penalty" has been relieved – at least for now, pending new developments in tax legislation.
- Lower insurance rates – Auto and other insurance discounts are usually available to married couples that use the same insurer.
- No estate tax – While the estate tax has been eliminated in 2010, it may reappear in 2011, pending year-end developments in tax legislation. If it does, the $1 million estate tax exemption will not apply to spouses leaving property to each other; unlimited amounts can be left to spouses estate-tax free.
- Social Security benefits – Widowed spouses and those divorced after at least 10 years of marriage are entitled to receive Social Security benefits on their deceased or ex-spouse's record if this would result in benefits that are greater than their own.