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”
Category Archives: Retirement
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”