Tag: income tax

BREAKING: IRS rules same-sex couples can file as married

The IRS ruled that all legally married same-sex couples will be treated as married for federal tax purposes no in matter which state they reside. The ruling applies to income, estate and gift tax. The ruling also affects the earned income tax credit or child tax credit.

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Tax tips for same-sex couples

Some of the special rights that heterosexual couples enjoy have to do with taxes. But depending on circumstances, gay and lesbian couples who marry may run into the “marriage penalty.” Tax law was designed for June...

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