Local

Same-sex married couples will receive equal tax benefits

Same-sex married couples will receive equal tax benefits

Story by U.S. Department of the Treasury

WASHINGTON, D.C. – The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today ruled that same-sex couples, legally married in jurisdictions that recognize their marriages, will be treated as married for federal tax purposes, according to a press release.

The ruling applies regardless of whether the couple lives in a jurisdiction that recognizes same-sex marriage or a jurisdiction that does not recognize same-sex marriage.

The ruling implements federal tax aspects of the June 26th Supreme Court decision invalidating a key provision of the 1996 Defense of Marriage Act.

“Today’s ruling provides certainty and clear, coherent tax filing guidance for all legally married same-sex couples nationwide. It provides access to benefits, responsibilities and protections under federal tax law that all Americans deserve,” said Secretary Jacob J. Lew. “This ruling also assures legally married same-sex couples that they can move freely throughout the country knowing that their federal filing status will not change.”

Under the ruling, same sex couples will be treated as married for all federal tax purposes, including income and gift and estate taxes. The ruling applies to all federal tax provisions where marriage is a factor, including filing status, claiming personal and dependency exemptions, taking the standard deduction, employee benefits, contributing to an IRA, and claiming the earned income tax credit or child tax credit.

For more information, visit the Department of the Treasury web site.

Recent Headlines

hopkinsville-police

yesterday in Crime, News

63-year-old man assaulted, robbed in alley

Hopkinsville police are investigating alleged robbery.

rail-service

yesterday in News

Study may bring rail service connecting Clarksville and Nashville

RTA selected Parsons Brinkerhoff, Inc. to conduct the study.

alice-jefferson

yesterday in News

Investigators seek info for missing Fort Campbell woman

Cold case reopened for woman who disappeared in 1975.