Suze Orman TwitterSuze Orman FacebookSuze Orman YouTubeSuze Orman LinkedIn
View Blog & News List

Same-Sex Married Couples To Get Federal Tax Recognition Regardless Of State

August 29, 2013 at 10:04 PM

WASHINGTON -- The U.S. Department of the Treasury announced Thursday that when it comes to taxes, it will recognize same-sex couples' marriages even if they live in a state that does not.

The decision, which was prompted by the U.S. Supreme Court’s ruling to overturn the Defense of Marriage Act, marks the latest political progress for the lesbian, gay, bisexual and transgender community.

Prior to this spring, the Internal Revenue Service did not recognize same-sex married couples pursuant to section 3 of DOMA. Once DOMA was overturned in June, the question became: What about same-sex married couples who moved to a state that didn’t recognize their marriage (a couple married in Massachusetts who moved to Arkansas, for example)?

Thursday’s ruling by Treasury Secretary Jacob Lew provides a uniform policy for the IRS; the state of celebration -- where the wedding took place -- now trumps the state of residency when it comes to federal tax status for same-sex married couples.

 

READ FULL ARTICLE

Suze Orman, Edie Windsor and Kathy Travis celebrate in New York City at The Center event!

Suze Orman, Edie Windsor and Kathy Travis celebrate in New York City at The Center event!

Tag Cloud

do not pay allowance for good behaviorLTCi ASAPenjoy saving LTC shoppingLong Term Care shoppingcollege studentSandy Hook Elementary Schoolmarriage financial responsibilitylong-term care premiumsUrbana-Champaignclosing costs 2% of loanautomate student loan paymentsfour steps to retirement savings COLAbest loan deal 3 step financial road mapSuze Orman Scholarshipkeep a schedulelousy investmentTeach15-year refinance dealbetter loan ratescnbc alarm clocksocial securitylong term carePersonal FinanceMarlo Thomasgraduationfocus on needsbe kind to yourselfloan necessitywould you decline a bonuscalculate dependents annual income needsmax employee match2016 adjust withholdingcreate new truthbuy home you can affordjanuary billsNewtownletter to suzedon't use allowance as bribeloan no longer than 36monthsInvest for savings growthbe good exampleFRABaby Boomerssuccesslow down paymentsavingsRevocable Living Trustroth irasecure creditgrandchild summer job IRA contributionunexpected expensepaid in fullOne Wallet At A Time2015 record year car salesget credit cardbe true to yourselfbudgetForbes Top 10Suze changed my lifeSelectQuote.comCPI-WAshley Springerignore 6 month grace period The Suze Orman Showsmall changes home loan credit score below 740 College of Veterinary Medicinepreexisting condition not coveredspecial saving accountdon't defer interest payments401(k) Contributionssocial security not going brokeFICO Scorecut monthly cellular billalways use all paid time offis it necessary?marriage inequalitymonthly dental insurance premiumwomen long term carepercentage of women widowed 75-84add teenlowest cost fund optionUniversity of Illinoisis it kind?Auto Savings unsubsidized Stafford loanEasy Life Insurance Financialpositivesocial security never insolventwaive home inspection bidget the most out of social security HeartCNBCpay interest while in schoolcollege graduategrandparent IRA contribution home buying mistakeshome insuranceFree Debt Eliminatorbuying car 2016New York LifeFinancial Gift Cliffno fee transferprotect dependent gift up to 14,000make saving a pleasureallowance taskno sneaking in feesexercise reguarlyone credit cardreplace permanent life insurance with term19 years cash flow problemFiscal Responsibilityemployer offered life insurancesummer job match income Lovezero rate transfer deals10% donate to charitybad decisionsvalue moneyAARPSuze Orman spouse Kathy Travisbuy homedon't do five year car loanreal estate marketmonthly benefit HDHP/HSAsame sex marriage band end Floridaprotect your family20% equityHoliday Shoppingbest interest ratesinitial tax break Financial Educatorcar buying mistakesverify wellness screening and programssame-sex marriagedental insurance FICO credit score credit card mortgageFHA loan feesborrowing plan costly insurance mistakegift not loanbreakdown projected monthly housing costpay more than minimum40% toward financial goalinterest capitalizationphysical healthpremiumAmericans don't use all paid vacation timenegotiate points with bank or sellerretirementget over life insurance phobiabetter termspublic service loan forgiveness programEmployer Matched Contributionconfidentstandard ratelower overall drug costhealthy aging president ObamadebtRetirement Savingsadjust allocations Eric Dodge is it necessaryterm life insuranceHDHP'sdon't cover cosmetic dentistrylife insurance name trust as beneficiarypay off debthighest possible benefitwives should be involved in retirementtake actionteach importance of helping othersonly offered while employed store credit cardsdangerous money seasonderailed plankids schedule paymentsproperty taxanticipated salaryMost Influential Celebrities ListGay Rights3% debt transferred ForbesSatisfyingGrace3 savings buckets incentives for health care wellness screeningteensearn allowanceovercome financial fearsPost-DivorceSchool of Social WorkHDHP 8 month emergency fundretirement planloved ones dependent on incomeWall Streetsidelinedswitch to roth 401(k)Giftbalance transfer quick closingStudent DebtRetirement Incomeorigination feesdream schoolCory Bookeremergency fund savings20 year level term prescription tierlow-cost index mutual fundhigh premiumspermanent life insuranceinterest on student loansgay marriage ban end Florida reduce monthly paymentFundsmeet monthly high deductible health care planHoliday Seasonschool gift grandchild IRA contribution8 Rulesholiday spendingSandy Hook Promisefull retirement agestudent loan repayment estimatortelevision hostdon't charge a pennyhousing market2015 financial roadmapback door Roth IRAcouple financesmental health50 over 50Richretain separate credit cards!00% tuition paidno negativitymobile appsetup automatic savings withdrawhome buying budgetHow To Build Creditpay 100% cashwomen longer life spanstay positiveidentity fraudstudent loan repayment planGiftsbuy down lower rateincrease retirement savingswomen live longerspeak new goalrefinancelow credit scoreHolidayMotherraise insurance deductiblerising home prices20% down paymenthome related tax break bonus compare monthly expensespowerfulno splurge consider roth 401(k)no interestcommunity bankdepreciating asset required disclosurefederal student loan deferment credit managementpercentage men widowed 75-84teach your child good money habitsno retirement funds for down paymentFinancial Adviceloan is giftCivil RightsVeterinary SchoolMortgage Credit Availability IndexFinancial Awareness Video Festivalcredit unionOverspendingpush yourself to save more for retirementtraditional vs roth 401(k)big results Mass Mutualcommitlet them have 50% controlannual cost of living adjustmentbad retirement planningUniversity of FloridaMoneyPrime Rate Rise 2015Long Term Care premiumsterm insuranceFinancial AwarenessLTCYoung Adult save moneynew carno waiting periodUS Tax CodeLong Term Care Insurance switch to spouse coverageFinancial CliffIRA contribution gifted moneyautomatic withdraw to savings closing feessave open enrollment review Bankruptcyfinancing car manage student loansno life insurance financially irresponsiblewrite new goalPrime Rate IncreaseHDHP's are good for youETF'sFICO at least 720community collegesavings pleasureknow before you oweat worst still pay 75% benefitAdequate Auto and Home InsuranceAmy Lacyetonly refinance if it paysthree year car loan10 year repayment plan debt freepay credit debt ASAPbecome member paying for collegebill paying prioritiesrolloverSave Us Moneyultimate compounding giftConventional loan PMIPhyllis Shelton expert long-term carehome budget after tax coststudentescrowtitle insuranceprotect loved ones insurancemultiple lendershigher insurance deductible3 bucket approachbuying a carAlarm Clockfinancial fearsraise deductiblestax ID theftdo you need life insurancefraudulent returnprotect and provide for minor child overspend on nights outoverspend on giftsRoth 401(k)dangerous retirement planGoodbyeHSA tax savingsStudent Debt Crisisdental savings planNew american Dream worst financial mistakeBankcredit cardavoid burn outhealthy retirement weightLifestyleStock Investmentsautomatic paymentfamily save at least $100 monthlyreal estate mistakesnot enough life insurancehome ownershiplong term goalretirment savingsnot gender specific car leasingreferrals Emergency Savingsfinancial concernback-to-school budgetresponsible with moneycan you afford itleave a legacycar loanheartacheCredit Card Interest Rateitemized deductionwomen outlive menincrease retirement contribution ratedon't ignore open enrollmentreduce interest rateCommencementsecured cardForeclosureface your financial feardon't blow tax refundFinancial Solutions For Youvalentines dayInterestkid borrow firstWarner Bros Television Groupcharges on credit cardnear historic lowsstretch out haircut appointmentscomparison shoppingclosing disclosurepaid vacationmaintain standard of livingmortgagePay Off Debt Before Retirementage appropriate choreDurable Power of Attorney for Health Caredon't extend mortgage insurance mistakemortgage brokerlower premiumiffy incomeresponsibleemployer funding HSASuze Ormanstandard deduction don't buy wantslife insurancedear suzechildren under 18live below your meansAARP Social security calculatorCommunication Skills 4 Must Have Documents financial independencedeath benefit 20 to 25 times annual incomeget health insuranceplanjuggle multiple financial goals2016 adjust estimated taxFinal Goodbyeborrow each year, capitalization is going to pile up Suze Orman's Money WarsWashingtonSuze is my biggest mentorPBS Specialage appropriate goalsno private loanmax benefit coveredSuze approvedCredit scoremax employer matched 401(k) contributionfinancial argumentsChanging Livesverify retirement plan with HR or plan sponsorBeautypoint cost offset by savingsteens and moneyMoney-SavingCiti Simplicity Card mortgage interest tax deductionfinancial goal phrasesocial workcontribution cut monthly cable billritual scheduledon't derail retirement savingsmortgage disclosurepay down student loan debtno late fee HDHP's are not badhigh FICO score8 month safety netcost of capitalization calculatoroverspend on dining outfocus on new truth Jose RodriguezFederal Funds RateExhibitionmoney-aware childincrease emergency savingsis it true? contribute household expenses allowanceconfident of solutionadvice for college graduatesone annual feeFinancial SystemSpendingInfluentialsalternative FICO scorehealthy retirement blood pressureMoney Marketpay down car loanrent vs buylearn good financial choicesStaffords this year have a fixed 6.8% interest ratelong-term care emotional stakesbetter loan dealsAccuQuote.comstudent loan repaymentCredit Card Rate IncreaseStudent Loanadult childrenrequire chore in exchange for allowance6 month waiting periodretirement accountscredit reportunder 18 financial giftdoctors in networkdebit cardrepay student loans20% down payment avoid feesdeath benefit needs for family401Kapproved medical 100% tax-freepublic service career student loan repayment co-sign student loan debtno tax on withdrawlsInfluential Celebrityyours, mine & oursuniversal college accesslower mortgage interestemergency fund file asapdon't spend taxespay high rate off firstdental discount planshort term goal Financial Power of Attorneyshop online guaranteed level term policyinsurance yearly reviewdoctor no longer in networkmoney vowsprovider of financial supportGay Couplespurely financial standpointTelepicturesloan big picture


View Blog & News List
People First. Then Money. Then Things.
Connect with me on Facebook Connect with me on YouTube Connect with me on Twitter
© 2016 Suze Orman Media Inc. All rights reserved.
 
 |  Search  |  Sitemap  |  Privacy  |  Terms
Sign Up For E-mail Offers
Open Panel
Close Panel