Pages

IRS to Recognize Same-Sex Marriages Anywhere in U.S.

The IRS will recognize same-sex marriages for tax purposes nationwide — even if they took place in any of the states that still haven't legalized them — the U.S. Treasury said Wednesday.

The Treasury's announcement of proposed regulations to "interpret the terms 'husband' and 'wife' to include same-sex spouses" essentially formalizes the inevitable after the Supreme Court's landmark ruling in June legalizing same-sex marriages.

Related: Supreme Court Rules Same-Sex Marriage Legal Nationwide

Before the court handed down its decision, 13 states — most of them in the Deep South — maintained laws prohibiting same-sex weddings. IRS regulations already allowed the agency to accept returns from same-sex couples identifying themselves as married, but only from the 37 states and other U.S. territories that had legalized the unions.

The new regulations make it clear that the IRS doesn't care what your state government thinks — if you call yourself married, you're married, as long as "that marriage is recognized by any state, possession, or territory of the United States."

"These regulations provide additional clarity on how the federal government will treat same-sex couples for tax purposes in light of the Supreme Court's historic decision on same-sex marriage," Treasury Secretary Jack Lew said in a statement.

Related: Same-Sex Couples to Receive Federal Marriage Benefits

The Treasury said the new rules will apply to any federal tax provision in which marriage is a factor — including filing status, personal and dependency exemptions and standard deductions.

This entry passed through the Full-Text RSS service - if this is your content and you're reading it on someone else's site, please read the FAQ at http://ift.tt/jcXqJW.



http://ift.tt/1OTEdnk IRS to Recognize Same-Sex Marriages Anywhere in U.S. via top scoring links : news http://ift.tt/1OJwwl3

IFTTT

Put the internet to work for you.

Turn off or edit this Recipe

No comments:

Post a Comment