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

financial fearsoverspend on nights outretirment savingscommunity bankzero rate transfer dealsIRA contribution gifted moneyUrbana-Champaigncut monthly cable billAmy Lacyet3% debt transferred retirement accountsFundsmonthly benefit Bankruptcylower ratepay high rate off firstgift up to 14,000secure creditno retirement funds for down paymentCNBCLTC shoppingForbes Top 10new carAshley Springermax benefit coveredLoveat worst still pay 75% benefitsocial workborrow each year, capitalization is going to pile up 40% toward financial goal2015 record year car salesdear suzedon't charge a pennySuze Orman spouse Kathy Traviscredit cardclosing feesmax employer matched 401(k) contributionLTCETF'shealthy retirement blood pressureemergency fund savingsdon't ignore open enrollmenthigh premiumsidentity theftno life insurance financially irresponsibleprotect dependent can you afford it15-year refinance dealrefinancereferrals teens and moneysuitableautomate student loan paymentsloved ones dependent on incomeemployer funding HSAcomparison shoppingVital Documents10 year repayment plan insuranceinsurance yearly reviewhome budget after tax costjanuary billsdangerous money seasonMother3 step financial road mapDurable Power of Attorney for Health CareCory Bookerteach importance of helping othersthree year car loanChanging Livesfile taxes quicklyInflation Benefitlet them have 50% control20% equityPrime Rate Rise 2015FHA loan feescredit managementDeath BenefitFICO credit score credit card mortgageraise your deductiblepublic service career student loan repayment paying for collegeFRA3 savings buckets school don't blow tax refundFederal PLUS loandebtraising mortgage rates Roth 401(k)bad retirement planningbreakdown projected monthly housing costdon't extend mortgage staycationearn more on savingsburn outAmericans don't use all paid vacation timeconfident of solutiondental savings planhigh credit score discountFree Debt Eliminatorbudgetdepreciating asset Young Adult leave a legacyRetirement SavingsFICO Scoreadult childrensuccessCredit Card Rate Increasedebit cardmortgage interest tax deductionsmall changes Final GoodbyeCommencementno splurge preexisting condition not coveredpositivelower mortgage interestMoney MarketLegal GuardianBill and Pennymeet monthly better loan ratesknow before you oweavoid burn outborrowing plan buying car 2016Fiscal Responsibilitypay more than minimumcharges on credit cardlife insurance name trust as beneficiaryARM Cautionenjoy saving no interestCD'sdon't use allowance as bribeAccuQuote.comno tax on withdrawlsuniversal college access401KHDHP's are not badmaintain standard of livingpush yourself to save more for retirementraise deductiblesstudentstandard ratelow mileage discountignore 6 month grace period Civil Rights20 year level term store credit cardsterm life insuranceAARP Social security calculatorstretch out haircut appointmentsMost Influential Celebrities Listcollege graduatederailed plan20% down paymentCPI-WHigh Credit Scorehealthy youbecome member negotiate points with bank or sellerTeachwomen long term carebe kind to yourselfclosing costs 2% of loanearn allowancefinancial aidno sneaking in feesNewtownstrained relationshipsame-sex marriageGraceSuze Orman's Money Warsbalance transfer sidelinedInfluentialsswitch to roth 401(k)don't do five year car loanadvice for college graduatesunexpected expensestay positivestudent loan repaymentmanage student loansFederal ReserveWillsave Suze is my biggest mentor2016 adjust withholding20 to 25 times annual incomeaccelerate dental workAlarm Clockpaid in fullcredit reporttax ID thefthome buying mistakesnot enough life insurancebetter loan dealscontribute household expenses value moneyhigh FICO scoresetup automatic savings withdrawreplace permanent life insurance with termreal estate mistakesFederal Funds Rategift not loanmonthly dental insurance premiumpay credit debt ASAPlow credit scoreoverspend on giftsprofessional advisordoctor no longer in networkautomatic withdraw to savings escrowwives should be involved in retirementFinancial CliffForbesbetter termsfinancial goal phraseritual schedulefederal student loan deferment 30 year mortgage Citi Simplicity Card allowanceUS Tax Codeage appropriate goalscostly insurance mistakecnbc alarm clockcar loansummer job match income affordabilityalternative FICO scorepresident Obamabe true to yourselfworkaholicSuze Orman Scholarshipget credit cardlowest cost fund optionGay CouplesAuto Savings Warner Bros Television GroupCOLA50 over 50property taxpowerfulRetirement Incomeovercome financial fearsnear historic lowsInterestswitch to spouse coveragebuy home you can affordgraduation!00% tuition paidStaffords this year have a fixed 6.8% interest ratesocial security never insolventEmployer Matched ContributionHDHP/HSAhealthy retirement weightSelfishNew York LifeCombo Insurance ProductsLTCi ASAProlloverThe Suze Orman Showcollege studentlousy investmentno negativityonly offered while employed shorter payback periodage appropriate chorestudent loan debt8 Rulesmental healthwould you decline a bonusHDHP Conventional loan PMIis it necessary?back door Roth IRAholiday spendingsave moneyEasy Life Insurance financial independencelong-term care premiumsadd teenMass Mutualbuying a carfour steps to retirement savings Holidaypeace of minddental insurance rent vs buyphysical healthroth iradangerous retirement planFinancial SystemSuze Orman2016 adjust estimated taxbest interest ratesstudent loan repayment estimatorHoliday Seasondon't spend Financialis it necessaryStock Investmentsplanfinancing car fraudulent returntraditional vs roth 401(k)financial concernloan no longer than 36monthscredit utilization ratewomen live longer19 years cash flow problemlow down paymentsame sex marriage band end Floridaresponsible10% donate to charitystudent loan repayment plantoo expensive schoollong term careHow To Build Creditkid borrow firstincrease retirement savingsworst financial mistakepaid vacationInvest for savings growthFinancial Adviceget over life insurance phobiarequired disclosurebig results cut monthly cellular billGift8 month emergency fundclosing disclosureOne Wallet At A Timereduce monthly paymentForeclosureSpendingiffy incomecontribution Moneydeath benefit needs for familymortgage brokerincentives for health care wellness screeningautomatic paymentPBS Specialcouple financespay down student loan debtlow-cost index mutual fundschedule vacationadjust allocations lower premiumno waiting periodprotect your familyhealthy aging Revocable Trustdo not pay allowance for good behaviorbill paying prioritiesget health insurancerising home pricesis it kind?purely financial standpointpremiumTelepicturesmoney vowsOverspendinghousing marketkids schedule payments401(k) Contributionsprescription tierdoctors in networkface your financial fearSandy Hook Promisehigher monthly paymentStudent Debt Crisismobile appaffordable premiumfocus on new truth initial tax break focus on needsUniversity of Floridapermanent life insuranceallowance taskretirement planhome loan credit score below 740 20% down payment avoid feesmultiple lendersfiduciaryalways use all paid time offHeartPay Off Debt Before Retirementonly refinance if it paysget the most out of social security engaged in financespay 100% cashFinancial Educatorvalentines dayincrease retirement contribution ratesavings4 Must Have Documents Post-DivorceSwap Older Annuities or Life Insurance home buying seasonincrease emergency savingsARMpercentage of women widowed 75-84GiftsSatisfying3 bucket approachwrite new goalHoliday Shoppingresponsible with moneyhome ownershipwomen longer life spanreal estate marketLong Term Care shoppingCollege of Veterinary Medicineterm insurancebest interest of investorconsider roth 401(k)pay off debtHDHP'stake actionPrime Rate Increasecalculate dependents annual income needsno private loansrequire chore in exchange for allowanceJose RodriguezFederal Stafford loanmarriage financial responsibilityitemized deductionemotional stakeslower overall drug costmax employee match2015 financial roadmaptax refund fraudFinancial Awareness Video Festivalprotect and provide for minor child commitFinancial Awarenessbad decisionsemployer offered life insuranceAARPInfluential Celebrityno apologyBaby Boomersyours, mine & oursdebt freeshop online guaranteed level term policydon't derail retirement savingsSuze approvedno private loanspecial saving accountFinancial Power of Attorneyteach your child good money habitsbuy homecommunity collegecar leasinghome buying budgetbe good exampledeath benefit 20 to 25 times annual incomeno late fee title insuranceLong Term Care premiumsquick closingEmergency Savingslong term goalunder 18 financial gifttelevision hostexercise reguarlyoverspend on dining outmarriage inequalityHigh FICO Score = Better Ratecar buying mistakesFixed Rate MortgageconfidentFinancial Solutions For Youspring summer savings pleasureMarlo Thomas15 year mortgageMoney-Savingdo you need life insuranceletter to suzeSchool of Social Worknon conventional routeloan big picture waive home inspection bidcompare provider pricingPhyllis Shelton expert long-term careGoodbyeSelectQuote.cominterest on student loansone annual feeapproved medical 100% tax-freeCommunication Skills mortgagefinancial argumentsstandard deduction keep a scheduleheartachecommissionsHDHP's are good for youreduce withholdingFICO at least 7206 month waiting periodlower interest ratehome related tax break bonus public service loan forgiveness programWashingtonloan is giftgrandparent IRA contribution ultimate compounding gift8 month safety netCredit Card Interest Ratehigh down paymentretirementLifestylerepay student loansSave Us Moneychildren's bookdon't buy wantsBankNew american Dream high deductible health care plan740 credit scoremortgage disclosurepay down car loanshort term goal don't cover cosmetic dentistryemergency fund file asapStudent Loanraise insurance deductibleFinancial Gift Clifflife insurancePersonal Financecost of capitalization calculatoreliminate credit card debtanticipated salaryincreased auto insurance premiumspeak new goallive below your meansMust Have Documentsfamily save at least $100 monthlyMinor Children buy down pay interest while in schoolRevocable Living Trustdental discount plangift grandchild IRA contributionprotect loved ones HSA tax savingsteensraising interest ratesGay RightsSandy Hook Elementary Schoolwomen outlive mendon't defer interest paymentsLong Term Care Insurance higher insurance deductiblehealthy gumsgay marriage ban end Florida point cost offset by savingsEric Dodge one credit cardsecured cardgrandchild summer job IRA contributionno fee transferreduce interest ratehighest possible benefitcredit unioninsurance mistakeRichrefundidentity fraudopen enrollment review children under 18co-sign social security not going brokeverify retirement plan with HR or plan sponsorsocial securityWall Streetlong-term care retain separate credit cardsis it true? loan necessitymoney-aware childcompare monthly expenseseight month living expense learn good financial choicesUniversity of IllinoisCredit scoretaxesback-to-school budgetcostly legal Beautyverify wellness screening and programspercentage men widowed 75-84make saving a pleasureExhibitionVeterinary SchoolMortgage Credit Availability Indexbest loan deal origination feeshealthy teethAdequate Auto and Home Insuranceprovider of financial supportannual cost of living adjustmentfull retirement ageStudent Debtjuggle multiple financial goalsSuze changed my lifeinterest capitalizationdream schoolunsubsidized Stafford loan2017 Taxescreate new truthhome insurancenot gender specific


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
© 2017 Suze Orman Media Inc. All rights reserved.
 
 |  Search  |  Sitemap  |  Privacy  |  Terms
Sign Up For E-mail Offers
Open Panel
Close Panel