Suze Orman, Financial Guru
Connect with me on Facebook Connect with me on YouTube Connect with me on Twitter
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

Phyllis Shelton expert long-term careHeartTeachdo you need life insuranceFinancial Educatorretirment savingsInfluentials8 month emergency fundcar buying mistakesgay marriage ban end Florida Gay CouplesCredit Card Interest RateSuze Orman's Money Warsmake saving a pleasureretain separate credit cardsExhibitionsocial workretirementYoung Adult no tax on withdrawlsAshley SpringerFICO ScorePay Off Debt Before Retirementadvice for college graduatesgraduationSuze approvedverify retirement plan with HR or plan sponsoruniversal college accessForbes Top 10would you decline a bonusstore credit cardsBaby Boomersfinancing car special saving accountcar loanOverspendingsave Money Marketdream schoolget credit cardstudent loan debtUniversity of Illinoischarges on credit card401(k) Contributions2015 financial roadmapdear suzeCredit scorePersonal Financeconsider roth 401(k)Jose Rodriguezcostly insurance mistakemoney vowsrent vs buyWall Streetcredit cardFinancial Gift CliffForbesbuying a carFinancial CliffFinancialWashingtondebtGay Rightstelevision hostAARP Social security calculatorPrime Rate Rise 2015financial independencesame sex marriage band end Floridapresident Obamaprotect and provide for minor child get health insuranceraise insurance deductibleinitial tax break Urbana-Champaignprovider of financial supportget the most out of social security bill paying prioritiesroth ira401Kletter to suzecommunity collegePost-DivorceCommunication Skills alternative FICO scoreSuze OrmanstudentFinancial Adviceenjoy saving Long Term Care Insurance TelepicturesGiftone credit cardemergency fund savingscouple financesCollege of Veterinary Medicineinsurance mistakeMoneyGoodbye8 RulesRetirement SavingsWarner Bros Television Groupdebit cardForeclosureFinancial Solutions For YouLTCcollege graduatemarriage financial responsibilitymax employer matched 401(k) contributionFRAsavingsSchool of Social Worklower mortgage interestAARPHoliday Shoppingunexpected expenseRetirement Incomelong-term care manage student loanspaying for collegeCNBCVeterinary Schoolhome budget after tax costschool teens50 over 50Suze Orman ScholarshipStudent Debt!00% tuition paidNewtownlive below your meansSatisfyingtraditional vs roth 401(k)retirement accountsRichGiftsincrease retirement contribution rateUS Tax Codestudent loan repaymentBeautycar leasingLifestylemonthly benefit Final Goodbyesame-sex marriagetaxesMortgage Credit Availability Indexhome buying mistakesHoliday SeasonLong Term Care shoppingmobile apphome ownershiphome buying budgetbest loan deal waive home inspection bidSpendingSandy Hook Elementary Schoolpercentage men widowed 75-84Save Us Moneywives should be involved in retirementpush yourself to save more for retirementback door Roth IRAPrime Rate IncreaseEmergency SavingsCivil RightsFree Debt EliminatorFinancial Awareness Video Festivalswitch to roth 401(k)retirement planHolidaywomen outlive menFinancial AwarenessLTC shoppingMother20% down paymentChanging Liveshigher insurance deductibleOne Wallet At A TimeBankBankruptcycnbc alarm clockInterestyours, mine & oursCredit Card Rate IncreaseMost Influential Celebrities ListCory Bookercredit reportStock InvestmentsThe Suze Orman Showinsurancestudent loan repayment estimatorStudent Debt Crisisstudent loan repayment planfour steps to retirement savings percentage of women widowed 75-84full retirement ageMarlo Thomasdon't do five year car loanCommencementsuccessSandy Hook PromiseInfluential Celebritylong-term care premiumsprotect dependent automatic withdraw to savings Money-SavingLoveAlarm ClockHow To Build Creditemergency fund Easy Life Insurance marriage inequalityhome loan credit score below 740 PBS SpecialStudent LoanFiscal ResponsibilityFundsUniversity of Floridafinancial arguments3 step financial road mapteens and moneyGraceFICO credit score credit card mortgage8 month safety netSuze Orman spouse Kathy Travisthree year car loanLong Term Care premiumsFinancial SystemFederal Funds Rate


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
© 2015 Suze Orman Media Inc. All rights reserved.
 
 |  Search  |  Sitemap  |  Privacy  |  Terms
Sign Up For E-mail Offers
Open Panel
Close Panel