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Since I'm getting married in August, I was thinking that I might change my standard deduction on my paycheck to 2 instead 1. The only argument I can think of against this is "What if for whatever reason you don't get married?" My solution is that I would probably save the excess no longer taken out for taxes. Also, I have an emergency fund being built, too, so have money in case of something goes wrong.

Is there any other problem with doing this?


2 problems.

1) If you don't get married, the money saved may not be enough because you may owe underpayment penalty (I think 9 or 10% interest) unless you reach the "safe harbor". It's doubtful your saving can earn that much after-tax.

2) If you do get married and your spouse also work and make about the same amount of money as you, you may not have enough tax withheld, especially if your spouse does the same thing (see "marriage penalty"). If you want to go this route of adjusting your allowances before you are married, I suggest doing the W-4 worksheet and then adjusting the allowances as it recommend.
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