Supreme Court Strikes Down the Defense of Marriage Act (DOMA)- Following the Supreme Court ruling in late June 2013, the U.S. Department of the Treasury and the IRS ruled that same-sex couples, legally married in jurisdictions that recognize their marriages, will be treated as married for federal tax purposes. Legally-married same-sex couples generally must file their 2013 federal income tax return using either the “married filing jointly” or “married filing separately” filing status. This ruling has implications beyond filing status. All provisions where marriage is a factor will be impacted. This includes personal and dependency exemptions, the standard deduction, IRA contributions, earned income credits, and the child tax credit. Legally married same sex couples will be treated as married for all federal tax purposes including gift and estate taxes. The ruling does not apply to registered domestic partnerships, civil unions, or similar formal relationships recognized under state law.
This law MUST be applied to 2013. Couples who would benefit from this change in prior years may be able to amend any years that are not barred by the 3 year statute of limitations.
This law MUST be applied to 2013. Couples who would benefit from this change in prior years may be able to amend any years that are not barred by the 3 year statute of limitations.
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