Summary: Marriage affects tax filing; consider joint or separate for maximum benefits.

From Yahoo Finance: 2025-04-06 09:01:00

Marriage changes tax filing – joint or separate can yield benefits. Married couples could claim common tax deductions, credits for dependents, education expenses, and medical costs. Filing status affects standard deduction and eligibility for tax benefits. Consider whether to file jointly or separately for maximum tax benefit. Evaluate tax situation annually for optimal results. Married students may qualify for education credits. Child tax credit and dependent care credit available for parents with children. Spousal IRA allows non-working spouse to contribute to retirement savings. Divorcing couples must determine tax credits for children. IRS considers you married if wed on last day of tax year. Separated couples may be considered unmarried for tax purposes. Tax laws vary by state.

Read more: 9 Tax Tips Every Married Couple Must Know