Taxes

Gay And Lesbian Couples Pay Thousands More In Taxes, Study Says

Gay And Lesbian Couples Pay Thousands More In Taxes, Study Says

Gay and lesbian couples are paying as much as $6,000 more at tax time than their heterosexual counterparts because the government disallows them from filing together on federal tax returns, a joint study between CNN Money and H&R Block has found. Read more »

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For N.J. same-sex couples, filing taxes turns headaches into migraines

For N.J. same-sex couples, filing taxes turns headaches into migraines

When the city of San Francisco briefly legalized same-sex marriage in 2004, Jack Denelsbeck and Jonathan Javins jumped at the chance to wed. The couple had been together for seven years, and at a time when gay marriage wasn’t legal anywhere else, they thought it would be their only chance to say their vows in front of friends and family.

"I will never forget how overwhelming it felt to join hands and exchange rings," said Denelsbeck, 33. "We both burst into uncontrollable heaving sobs."

The last thing on their minds was taxes.

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Gay Couples Get Equal Tax Treatment

By LAURA MECKLER The Internal Revenue Service has ruled that same-sex couples must be treated the same as heterosexual couples under a feature of California tax law. Advocates for the change say it is the first time the agency has acknowledged gay couples as a unit for tax purposes. The change reverses a 2006 IRS ruling and opens a tax benefit to many same-sex couples that wasn't available before. It may affect couples in Nevada and Washington state, as well. Specifically, the agency said nearly 58,000 couples who are registered as domestic partners in California must combine their income and each report half of it on their separate tax returns.
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