Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
Millennial marriage tax penalty: The student loan interest tax deduction has a gotcha for the hitched: The Millennial marriage penalty is partly to blame for the relatively low number of young people getting married, according to Forbes. It's because remaining single allows them to claim up to $2,500 in student loan interest deduction. When they get married and file joint returns, the total deduction for the couple will still be $2,500, so if they both have student loans, one of them will lose the tax break. -- Forbes
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