<prompt> Human: My fiance and I bought our first home in June of 2016, and we got married in October of 2016. Im curious come tax season what we should be filing as? Is there any benefits of filing jointly or separately? Some info - Me and my wife are both 26. My taxable income after 401k deduction for 2016 was 74,000 and hers was roughly 50,000. Our mortgage is 208,800 and our interest rate was 3.625. 30 year, 10 down. PMI of 89 paid monthly.Also, do you think that our mortgage payments will help us get any more money back this year?  <response>: You can run it both ways but in general married filing jointly is best. 