Same Sex Couple: Tax Implications and FAQ

When are individuals of the same sex lawfully married for federal tax purposes? Can same-sex spouses file federal tax returns using a married filing jointly or married filing separately status? Can a taxpayer and his or her same-sex spouse file a joint return if they were married in a state that recognizes same-sex marriages but they live in a state that does not recognize their marriage?

These are just a few of the most commonly asked questions of same-sex couples: It depends on state law, yes and yes are the short answers.

The IRS has published a thorough online resource to answer these questions and many more in great detail so for more information please visit: http://www.irs.gov/uac/Answers-to-Frequently-Asked-Questions-for-Same-Sex-Married-Couples

Davis & Hodgdon Associates has been assisting individuals and businesses in the Burlington Vermont Metro area for more than 20 years. If you have any questions or concerns please feel free to call 802.878.1963 or email [email protected].