DOMA Struck Down – Federal Tax Implications

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On June 26, 2013, the Supreme Court struck down Section 3 of the Defense of Marriage Act (DOMA), effectively ruling that a state-sanctioned marriage is to be recognized, regardless of whether the couple is opposite sex or same sex.

This has profound tax implications, as not only are same-sex married couples afforded the same federal tax benefits going forward as those in “traditional” marriages, but also allows the amending of federal tax returns to claim refunds of taxes that would not have otherwise been paid had the marriage been recognized at the federal level.

An important caveat …read more

Read more here:: Tax

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