--- title: Recently Married? Here's How it Can Affect Your Taxes This Year description: Recently married? Here are a few financial aspects to keep in mind as you approach tax season with your new spouse. image: https://rmcu.net/hubfs/AdobeStock_487225353.jpeg --- [![RMCULogoColor.jpg](https://rmcu.net/hubfs/RMCU-logo.svg "RMCULogoColor.jpg")](https://rmcu.net) [Online Banking Login](https://banking.rmcu.net/auth/signin) [Online Banking Login](https://banking.rmcu.net/auth/signin) [![RMCULogoColor.jpg](https://rmcu.net/hubfs/RMCU-logo.svg "RMCULogoColor.jpg")](https://rmcu.net) - - [Home Loans](https://rmcu.net/home-loans) - [Personal](https://rmcu.net/personal) - [Business](https://rmcu.net/business) - [Membership](https://rmcu.net/membership) - [Careers](https://rmcu.net/membership/about-rmcu/careers) - [Contact Us](https://rmcu.net/contact-us) - Search - [Financial Education ▾](https://rmcu.net/blog/married-affect-your-taxes#financial-education-nav) - [About RMCU ▾](https://rmcu.net/blog/married-affect-your-taxes#about-rmcu-nav) - [Security](https://rmcu.net/membership/security) - [TruStage: Security Alert](https://rmcu.net/trustage-security-alert) - [Money Mastermind](https://rmcu.net/money-mastermind-lessons) - [Financial Counseling](https://rmcu.net/financial-counseling) - [Savvy Money](https://rmcu.net/membership/financial-education/savvy-money) - [Blog](https://rmcu.net/blog) - [Resources](https://rmcu.net/resources) - [RMCU Team](https://rmcu.net/membership/about-rmcu/rmcu-team) - [Member Information](https://rmcu.net/membership/about-rmcu/member-information) - [Annual Meeting](https://rmcu.net/membership/about-rmcu/annual-meeting) - [Community](https://rmcu.net/membership/about-rmcu/community) - [Our History](https://rmcu.net/membership/about-rmcu/history) [back to blog](https://rmcu.net/blog) [Financial Literacy](https://rmcu.net/blog/topic/financial-literacy) # Recently Married? Here's How it Can Affect Your Taxes This Year Read Time **2 mins** | Written by: Rocky Mountain Credit Union [mailto:?subject=Recently%20Married%3F%20Here%27s%20How%20it%20Can%20Affect%20Your%20Taxes%20This%20Year&body=https%3A%2F%2Frmcu.net%2Fblog%2Fmarried-affect-your-taxes](mailto:?subject=Recently%20Married%3F%20Here%27s%20How%20it%20Can%20Affect%20Your%20Taxes%20This%20Year&body=https%3A%2F%2Frmcu.net%2Fblog%2Fmarried-affect-your-taxes) ## It Might Mean a Lower Tax Bracket If your partner has a lower income than you, filing jointly could mean that your combined income drops you down a tax bracket, saving you money. If you make $50,000 and your spouse earns $20,000, your individual tax liability when filing jointly is the average of the two, or $30,000 each. Depending on the difference between your income and theirs, that might mean big savings for you as a couple.    ![Image of charitable tax deductions paperwork](https://rmcu.net/hs-fs/hubfs/AdobeStock_78071328.jpeg?width=5616&name=AdobeStock_78071328.jpeg) ## You May Be Able to Take More Deductions When you’re filing jointly, it’s often possible to take advantage of more deductions than you can when you file as single. If one spouse has unused deductions that the other can take advantage of, they can now reduce their combined tax liability together. This applies to all sorts of deductions, including charitable ones. And if one partner has a number of health concerns and the other doesn’t, for example, you can meet that combined medical deduction with expenses shared between the two of you.    ## More Tax Credits Can Help You Save With tax breaks like the childcare credit and two higher education credits, filing jointly can mean big savings when tax time comes around. You can also look into the premium tax credit for health insurance if that applies to your situation.    ![Photo of IRA form](https://rmcu.net/hs-fs/hubfs/AdobeStock_221658323.jpeg?width=5500&name=AdobeStock_221658323.jpeg) ## You Can Get an IRA Even Without a Salary If you don’t have an income from a job as a single person, you aren’t able to have an IRA for retirement. But if you’re married and your spouse has an income, you can save for retirement in your own right. This lets you increase your overall savings, potentially making it to retirement earlier. And you might be able to take advantage of deferred taxes, too.    ## You Can Delay Estate Tax Concerns Under federal law, assets transferred over to a spouse after the other partner’s death are exempt from estate taxes. Whereas if they’re willed directly to children or other relatives, those taxes apply. That can be a big boon for folks who would be negatively impacted by federal estate taxes—ones with an estate of over $12,006,000. That might not be a factor on this year’s return, but it’s something to keep in mind for the future.    As you build toward your financial future, RMCU can help you along the way with [savings advice and lifestyle tips](https://www.rmcu.net/blog) to get you to the next steps. Whether you’re ready to buy a home or save for retirement, RMCU can help you get there.    ##### Rocky Mountain Credit Union Share the Love [mailto:?subject=Recently%20Married%3F%20Here%27s%20How%20it%20Can%20Affect%20Your%20Taxes%20This%20Year&body=https%3A%2F%2Frmcu.net%2Fblog%2Fmarried-affect-your-taxes](mailto:?subject=Recently%20Married%3F%20Here%27s%20How%20it%20Can%20Affect%20Your%20Taxes%20This%20Year&body=https%3A%2F%2Frmcu.net%2Fblog%2Fmarried-affect-your-taxes) You May Like These ## Related Articles ![](https://rmcu.net/hs-fs/hubfs/RMCU_holiday_mortgage_tv_02.jpg?width=700&name=RMCU_holiday_mortgage_tv_02.jpg) Home and Mortgage ### [Will you be home for Christmas? Your Future Home Starts Here with RMCU](https://rmcu.net/blog/holiday-mortgage-dec-2019) Will you be home for Christmas? Rocky Mountain Credit Union can help you find the perfect place to t... Keep Reading ![](https://rmcu.net/hs-fs/hubfs/kids-moving.jpg?width=700&name=kids-moving.jpg) Home and Mortgage ### [How to Help Your Kids Transition in a Move](https://rmcu.net/blog/how-to-help-your-kids-transition-in-a-move) Moving can be hard on everyone, especially the kids. But the good news is that you can help ease the... Keep Reading ![](https://rmcu.net/hs-fs/hubfs/iStock-1041512864_c.jpg?width=700&name=iStock-1041512864_c.jpg) Financial Literacy ### [We Tried These 4 Budgeting Apps, Here Are Our Honest Thoughts](https://rmcu.net/blog/4-budgeting-apps-review) Have you thought about using an app to help you keep track of your budget easily? We tried four diff... Keep Reading ## [**FOLLOW US ON INSTAGRAM**](https://www.instagram.com/rockymountaincu/?hl=en) - [Privacy Policy](https://rmcu.net/hubfs/DISCLOSURES%20(FILES)/Privacy_Notice.pdf) - [ADA Compliance](https://rmcu.net/ada-compliance) - [Careers](https://rmcu.net/membership/about-rmcu/careers) - [Fee Schedule](https://rmcu.net/hubfs/DISCLOSURES%20(FILES)/RMCU_ScheduleOfCharges_Members_2024-DIGITAL-2.pdf) ![Equal Housing Leader](https://rmcu.net/hs-fs/hubfs/raw_assets/public/RMCU_2022/images/home-lender-logo.png?width=140&name=home-lender-logo.png "Equal Housing Leader") ![American Strategic Insurance](https://rmcu.net/hubfs/raw_assets/public/RMCU_2022/images/asi-logo.svg "placeholder_200x200") Each account is insured by American Share Insurance up to $250,000. By members' choice, this institution is not federally insured. [![RMCULogoColor.jpg](https://rmcu.net/hubfs/RMCU-logo.svg "RMCULogoColor.jpg")](https://rmcu.net) All share and loan accounts are subject to membership eligibility. Equal Housing Opportunity. **RMCU NMLS# 585490** © 2026 Rocky Mountain Credit Union All Rights Reserved × ## You Are Leaving Our Website You are leaving the Rocky Mountain Credit Union website and accessing a third-party website. The privacy, security, and accessibility policies of third-party websites may differ from those of Rocky Mountain Credit Union. We encourage you to review the policies of any website you visit. Rocky Mountain Credit Union is not responsible for the content, privacy, security, or availability of external websites and does not endorse or guarantee the products, services, or information they provide. Stay Here Continue ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Rocky Mountain Credit Union", "url" : "https://rmcu.net/blog/author/rocky-mountain-credit-union" }, "dateModified" : "2024-01-22T19:56:54.788Z", "datePublished" : "2022-03-23T16:55:00.000Z", "headline" : "Recently Married? Here's How it Can Affect Your Taxes This Year", "image" : [ "https://rmcu.net/hubfs/AdobeStock_487225353.jpeg" ], "mainEntityOfPage" : { "@id" : "https://rmcu.net/blog/married-affect-your-taxes", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://rmcu.net/hubfs/RMCU-logo.svg" }, "name" : "Rocky Mountain Credit Union" } } ```