The IRS’ announcement that they will recognize all same-sex married couples became effective on September 16th. While filing status is the change that is getting the most attention it is not the only significant tax consequence. The effects are far-reaching and provide several avenues for same-sex married couples to get money back from theContinue reading “Same-Sex Married Couples to Get Refunds for Taxes Withheld on Health Benefits”
Category Archives: Marriage
IRS Will Recognize All Legal Same-Sex Marriages – Regardless of State of Residence
The IRS announced today that all legal same-sex marriages will be recognized for Federal Tax purposes. The looming question about whether the IRS would use the state of domicile or the state of celebration to define “legal marriage” has been answered. They have chosen the state of celebration which means IRS marriage recognition will be based on where the marriageContinue reading “IRS Will Recognize All Legal Same-Sex Marriages – Regardless of State of Residence”
DOMA is Dead – To Wed or Not to Wed; that is the Question
With the fall of DOMA has come a rush of same-sex couples (SSCs) converting their partnerships into marriages. It is an emotional time, especially for those who have waited for over thirty years to make that change. I have been to three weddings since the fall of DOMA and have five more between now andContinue reading “DOMA is Dead – To Wed or Not to Wed; that is the Question”
Supreme Court to Hear DOMA Case on March 27th
The time has finally come. On March 27th, the Supreme Court will hear a case challenging the constitutionality of DOMA. Many have come forward over the last year in support of overturning the Act. Support has ranged from progressive LGBT rights advocates to President Barack Obama himself. Most recently Bill Clinton, the man who signed DOMA into law inContinue reading “Supreme Court to Hear DOMA Case on March 27th”
How Marriage Equality Affects your Retirement: IRA Tax Loopholes Available to Opposite-Sex Married Couples Only
Individual Retirement Accounts (IRAs) are powerful tools for funding your future. Putting money into an IRA can be a great way to save for your retirement because it provides tax benefits in the present. Unlike some retirement plans, IRAs can be set up by anyone; they do not have to be set up by your employer. OneContinue reading “How Marriage Equality Affects your Retirement: IRA Tax Loopholes Available to Opposite-Sex Married Couples Only”
Will the Supreme Court Kill DOMA in 2013?
Court cases challenging DOMA are popping up across the nation with increasing frequency. Over the last two years, the legislative momentum has grown dramatically. We are now at a point where we can expect at least one of these cases to be heard by the Supreme Court. The implications of the Supreme Court hearing such aContinue reading “Will the Supreme Court Kill DOMA in 2013?”
Washington to Legalize Same-Sex Marriage?
The State of Washington may be on its way to becoming the seventh state, in addition to Washington D.C, to legalize same-sex marriage. In 2007 Washington legalized domestic partnerships, then, in 2009 it expanded the rights of registered domestic partners to include “everything but marriage” as the passing bill became known. Now, in 2012, GovernorContinue reading “Washington to Legalize Same-Sex Marriage?”