But the tax code does provide a few wedding gifts to those who say, “I do.” Here are 7 tax advantages of getting married and tips for making the extended honeymoon a little sweeter when you prepare your tax return. No one would suggest that you tie the knot simply to acquire the tax blessings of the Internal Revenue Service. There are many good reasons to get married-true love and compatibility being among the best. Money left to a spouse isn't subject to the federal estate tax, usually protecting the deceased spouse’s estate from taxation until the surviving spouse dies.Eligible couples filing a joint return can make contributions to two separate IRA accounts – one for each spouse – and receive substantial tax benefits, even if one spouse is not working.If one spouse has a negative income and isn't eligible for certain deductions, the spouse with a positive income may be able to take those unused tax deductions and claim the other spouse’s losses as a tax write-off when filing a joint return.If one spouse has a substantially lower income than the other, filing a joint return could result in the lower income pulling the higher one down into a lower bracket, reducing your overall taxes.
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