Partner Janis Cowhey discusses the new tax treatment of mortgage interest, with Bloomberg News.
By Ben Steverman
There are plenty of reasons to get married. Your taxes may not be one of them. Some couples – generally those with one person who earns far more than the other – will see their tax bills fall after marriage.
“When you’re an unmarried couple, you don’t have protections,” said Janis Cowhey, a lawyer and partner at Marcum, an accounting and advisory firm in New York. “As far as the law is concerned, you’re legal strangers.”