Tax Exemptions In Home Loan To Health Insurance, Know Financial Benefits For Marriage
Curated By: Business DeskLast Updated: October 31, 2023, 13:55 ISTMarriage often results in a combined income that may place couples in a lower tax bracket, reducing their overall tax burden.If married couples take a joint home loan, they get a higher tax exemption.
Marriage, often characterised as the union of two souls, brings not only emotional and social bonding but also a range of financial benefits. The advantages of matrimony also encompass economic perks such as reduced insurance costs and enhanced mortgage eligibility. These financial benefits are not limited to couples with matching incomes; in fact, married couples can leverage joint income for various financial advantages, including contributions to Individual Retirement Accounts (IRA) that enable more effective savings ...