Gay marriage taxes

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On March 1,Employee C was married to same-sex spouse D. But for states that don't recognize same-sex marriages, the ruling also presents a tax issue. Taxpayers would reference their federal return when preparing their state return, but the state would not recognize same-sex marriage. Some legally married same-sex couples, like their opposite-sex counterparts, will find themselves subject to the notorious marriage penalty. Gay Marriage and State Taxes States that don't recognize same-sex marriage will face a few tax complications come Supreme Court ruled in June that all people have a right to marry regardless of the gender of either spouse.

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If the period of limitations for filing a claim for refund is open and the employee has not been reimbursed by the employer for the Social Security and Medicare taxes and has not authorized the employer to file a claim for refund of those taxes on his or her behalf, the employee may claim a refund.

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If you're reviewing your tax documents, it may be worthwhile to take a second glance at your estate plans and your beneficiary designations for your workplace retirement plan and life insurance policies. Married Filing Separately Married filing separately is a taxg status for married couples who choose to record their incomes, exemptions and deductions on separate tax returns. In order to qualify for certain federal benefits, including a higher standard deduction on your income taxes or a portable estate tax exemption, you actually have to get hitched. Related Tags.

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Decoupling would harm all taxpayers.

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