- Days left

Tax Tips for Same-Sex Married Couples

Gay MarriageBy Alden Wicker

It's been another banner year for gay rights, with Maine, Maryland and Washington saying "I do," to same-sex marriages. Plus, same-sex marriage legislation is currently moving through the Rhode Island legislature.

But there's still a shadow hanging over the celebrations of these victories: In the eyes of the federal government, couples in legal same-sex marriages are still single.

So regardless of what your state's law says, if you're part of such a couple, when you pay taxes to Washington, you're considered single. (And that's only the beginning. When it comes to Social Security survivor benefits, or getting insurance under the coverage of your federally employed partner, you're also still single.)

There are two things you should know: First, this makes your taxes more complicated, and hence might require you to hire an accountant and/or pay more in fees for them to wade through the situation. Second, according to an analysis by H&R Block, same-sex couples pay as much as $6,000 more in taxes than heterosexual couples.

That certainly shouldn't stop you from getting married. But you probably have questions about what else you need to know if you're a Mrs. and Mrs. or Mr. and Mr. at tax time. We'll walk you through how to do your taxes right:



See more from LearnVest:

Learn about investing from the comfort of your own home.

Portfolio Basics

Take the first steps to building your portfolio.

View Course »

Investment Strategies

Learn the strategies you need to build a winning portfolio

View Course »

TurboTax Articles

5 Hidden Ways to Boost Your Tax Refund

Most of us are looking for ways to pay no more than we owe in taxes, or even boost our tax refunds. Here are five strategies that go beyond the obvious with tried-and-true ways to reduce your tax liability.

What, Me Worry? Last Minute Taxes

According to the Internal Revenue Service, 20-25% of all Americans wait until the last two weeks before the deadline to prepare their tax returns. At that late date, there are only two things you can do: File your taxes pronto, or request a tax extension.

Can't File by the Deadline? Top 3 Reasons to File a Tax Extension

The Internal Revenue Service allows taxpayers to file for a 6-month extension if they need more time to prepare their tax return. You can obtain a tax extension for any reason; the IRS grants them automatically as long as you complete the proper form on time. Check your state tax laws; some states accept IRS extensions while others require you to file a separate state extension form.

Add a Comment

*0 / 3000 Character Maximum

10 Comments

Filter by:
rm42749

You guys should take a roll of quarters and shove them you know where then you won't mess your pants when see your tax return.

February 10 2013 at 10:04 PM Report abuse +2 rate up rate down Reply
irishguy32

Its always good to know you can count on the hillibillies and ignorant idiots to post their comments. Here is a newsflash for you: No one CARES what you think. You are a dying breed with your homophobia.

February 10 2013 at 11:38 AM Report abuse -2 rate up rate down Reply
1 reply to irishguy32's comment
smaselli13

Don't forget to keep all those receipts. Obama and his group of abominations, has issued an executive order allowing the deductibility of KY jelly on all homosexual's tax returns.

February 10 2013 at 10:42 PM Report abuse +1 rate up rate down Reply
VegCon

Marriage always was and always will be because it is Natural between a Man and a Woman. Homosexuals are getting to many privaleges. I only wish that the Animal Rights and Protection Movement could have gotten better positive changes than the homosexual agenda

February 10 2013 at 7:51 AM Report abuse +1 rate up rate down Reply
1 reply to VegCon's comment
billybuttlooker

Animal rights protect you don't they

February 10 2013 at 9:19 AM Report abuse -3 rate up rate down Reply
jcduyal

That sign should read "Just Married! To get government benefits".

February 09 2013 at 11:30 PM Report abuse +2 rate up rate down Reply
ga7smi

don't rely on anything H&R Block says

February 09 2013 at 11:15 PM Report abuse +1 rate up rate down Reply
tokenfan

Most accountants have traditional values and morals and wouldn't prepare a tax return for a couple of froot loops.

February 09 2013 at 4:42 PM Report abuse -1 rate up rate down Reply
3 replies to tokenfan's comment