5 Tax Complications That Could Arise in a Same-Sex Marriage
July 13, 2015
It's been nearly two years since the U.S. Department of the Treasury and the Internal Revenue Service (IRS) ruled that same-sex couples legally married in states that recognize their marriages, should be treated as married for federal tax purposes. Subsequently, the ruling applies regardless of whether the couple lives in a state that recognizes same-sex marriage or a state that does not.
While the ruling was a positive move toward tax equality for all married couples, regardless of sexual orientation, until all states recognize same-sex marriage, same-sex couples need to be aware of the gaps and complexities that still exist in our tax and benefits code. Below are five potential tax issues you may experience as a same-sex married couple. Read more at mint.com...
Rebecca Wiggins is the Executive Director of AFCPE and holds a Masters of Family Financial Planning from Kansas State University. Search for an AFCPE Certified Professional in your area by using the association's search tool.