From Yahoo Finance: 2025-05-29 17:02:00

A Fidelity study found that 25% of couples are stressed about money, leading to arguments in 45% of relationships. Communication is key to reducing money stress, according to Money Expert Preston Seo, who shared financial tips for couples to improve their financial knowledge.

Seo advises couples to take advantage of the IRS rule that allows up to $500,000 in capital gains from selling a home to be tax-exempt if filed jointly. This enables couples to keep more of their home sale profits for other financial goals.

Maximizing contributions to Health Savings Accounts (HSAs) is recommended by Seo due to their triple tax advantage. Contributions are tax-deductible, interest is tax-deferred, and withdrawals are tax-free for qualified medical expenses when using an HSA.

The IRS increased the annual gift tax exemption to $19,000 per child, allowing couples to gift up to $38,000 annually without triggering a gift tax. This is a way for parents to pass on wealth to their children within the limits of tax law, as highlighted by Seo.

Read more: 3 Money Tips for Couples, According to Money Expert Preston Seo